Triton to acquire SCHOCK

Frankfurt / Regen (Germany), 18 February 2021 – Triton Fund V advised by Triton (“Triton”) has signed an agreement to acquire 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.

“We want to support the management and employees of SCHOCK by investing in and supporting the continued growth and development of the company. We look forward to working together with the management team to strengthen the company’s core business and to support its international growth,” said Peder Prahl, Director of the General Partner for the Triton funds.

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 is operating in a very attractive market benefiting from consumer trends, like kitchens becoming part of the living space, which have been accelerated recently. The company’s B2B2C business model falls at the core of Triton’s consumer strategy. We look forward to embarking on the next step of SCHOCK’s journey together with the management team, continuing its growth trajectory around the globe and building on and developing SCHOCK’s innovation edge,” added Ruth Linz, Investment Advisory Professional and Co-Head Consumer at Triton.

"We are pleased to welcome Triton as a new owner, a strong partner supporting us in scaling our business. With Triton’s international network, industry expertise and track record we feel well placed to achieve our growth ambitions. We are looking forward to drive initiatives like SINK GREEN and our geographic expansion under new ownership,” said Ralf Boberg, CEO SCHOCK GmbH.