The Gores Group is acquirinng Melle Dachbaustoffe GmbH and SIG Deutsche Dachbaustoffe GmbH from SIG, a distributor of building products in Europe. The Gores Group will invest through its Small Capitalization Partners investment fund.
The Gores Group, a global investment firm, today announced that it has agreed to acquire Melle Dachbaustoffe GmbH and SIG Deutsche Dachbaustoffe GmbH from SIG plc (LSE:SHI), a leading distributor of building products in Europe. The Gores Group will invest through its Small Capitalization Partners investment fund.
Both companies are market leading specialist distributors of roofing products to the German market. The companies maintain an extensive multi-region branch network with a comprehensive product and service offering and excellent relationships with their customers and suppliers.
Christoph Nielacny, Managing Director of both companies, stated, “With an extensive track record of successful carve-out transactions, Gores is the ideal partner for us to provide the necessary financial and operational support to complete a seamless transition out of SIG and position the business for growth.”
“Melle and SIG Deutsche Dachbaustoffe participate in the resilient German construction market and we are excited about the opportunity to support Mr. Nielacny and his team,” said Jon Gimbel, Principal of The Gores Group. “We look forward to investing in the growth strategies of the business, including expanding its existing product offering and providing capital to support its acquisition strategy.”
About The Gores Group
The Gores Group, LLC is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm’s operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and Lond