NORRES acquires Italian hose manufacturer and distributor De Bernardi
Gelsenkirchen / Frankfurt (Germany), Cusago (Italy), 3 February 2020 - NORRES Group (“NORRES”), a portfolio company of the Triton Smaller Mid-Cap Fund (“TSM”), has acquired the Italian hose manufacturer and distributor De Bernardi. Terms and conditions of the transaction are not disclosed.
De Bernardi is an Italian hose manufacturer and distributor which is established in the market since 1970. The company is a well-known for its competence and technology in flexible hoses, ventilation ducts, fabric ducts as well as flexible connectors.
The acquisition of De Bernardi is in line with NORRES’ internationalization strategy and significantly strengthens NORRES' market position in Italy.
NORRES was founded in 1889 and focusses on the development, production and sales of branded industrial hoses used for pneumatic conveying of different media types (i.e. solids, gases or liquids) for a wide variety of end markets (e.g. fume & dust extraction, agriculture, food & pharma, plastics and wood processing). The company is headquartered in Gelsenkirchen (Germany) and employs approx. 300 people across three production facilities (DE, CN, US) and five sales & warehousing sites (CZ, FR, PL, TW, UK).
For further information: www.norres.com
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.
The 41 companies currently in Triton's portfolio have combined sales of around €16,5 billion and around 80,000 employees.
For further information: www.triton-partners.com