Triton completes acquisition of SCHOCK
Frankfurt / Regen (Germany), 1 April 2021 – Triton Fund V advised by Triton (“Triton”) has successfully completed its acquisition of SCHOCK GmbH (“SCHOCK”), the inventor and one of the globally leading providers of quartz composite kitchen sinks, from IK Investment Partners. Terms and conditions of the transaction are not disclosed.
SCHOCK has been a leading player in the quartz composite kitchen sinks category, ever since inventing the technology more than 40 years ago. The company has built a reputation as a technology, innovation and quality leader based on continued product development combined with traditional craftmanship. Today, SCHOCK offers a broad product portfolio comprising over 200 sink models in more than 40 colours.
SCHOCK GmbH, headquartered in Regen (Germany), is the inventor of the technology commonly used in the production of quartz composite kitchen sinks. SCHOCK is a leading provider of high-quality products within the category, offering kitchen sinks as well as accessories like faucets. The company offers over 200 sink models in more than 40 colors, within its product lines CRISTALITE® and CRISTADUR®. More recently, SCHOCK has launched the CRISTADUR® GREEN Line that is more than 99% made from natural, renewable or recycled raw materials. The company has ~500 employees and holds over 130 patents.
For further information: www.schock.de/en
Since its establishment in 1997, Triton has sponsored ten 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 48 companies currently in Triton's portfolio have combined sales of around €17.7 billion and around 102,000 employees.
For further information: www.triton-partners.com