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.
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 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 45 companies currently in Triton's portfolio have combined sales of around €18.2 billion and around 100,800 employees.
For further information: www.triton-partners.com