Norres Baggerman Group Achieves Market Leader Status Under Triton Ownership, Sold to Nalka, an investment firm

Norres Baggerman Group Achieves Market Leader Status Under Triton Ownership, Sold to Nalka, an investment firm

(IN BRIEF) Triton, in partnership with the Triton Smaller Mid-Cap Fund I, has successfully sold Norres Baggerman Group, a leading manufacturer of industrial plastic hoses in Europe, to Nalka DACH Investments SA SICAF-RAIF. The terms of the transaction have not been disclosed. Under Triton’s ownership, Norres Baggerman became a market leader in industrial hose systems, serving various industries globally. The company has around 400 employees, six manufacturing facilities, and 15 sales offices worldwide. Triton’s strategic support resulted in significant growth, with acquisitions, organic expansion, and a sales increase of over 170%. Norres Baggerman has also prioritized enhancing its ESG capabilities. Nalka is an investment firm focused on small and medium-sized businesses in the Nordic and DACH regions, with a portfolio of companies generating over €2 billion in sales. Triton is a prominent European mid-market investor specializing in several sectors.

(PRESS RELEASE) FRANKFURT/GELSENKIRCHEN, 26-May-2023 — /EuropaWire/ — Triton, a private equity investment firm with focus on medium-sized businesses across Europe, in association with the Triton Smaller Mid-Cap Fund I, is pleased to announce the successful completion of the sale of Norres Baggerman Group (“Norres Baggerman”), a prominent European manufacturer of industrial plastic hoses, to Nalka DACH Investments SA SICAF-RAIF (“Nalka”). The terms and conditions of the transaction have not been disclosed.

Under Triton’s ownership, Norres Baggerman has emerged as a leading market player in the manufacturing and technical installation of industrial hose systems throughout Europe. The company caters to diverse industries, including agriculture, food & pharma, plastics, wood processing, robotics, fluid applications, and power engineering. With approximately 400 employees and a global presence spanning Europe, the US, and Asia, Norres Baggerman operates six manufacturing facilities and 15 sales offices. Its extensive global production network provides a significant competitive advantage, ensuring the consistent delivery of high-quality products worldwide.

Triton’s acquisition of Norres Baggerman in 2018 aimed to foster the company’s growth, facilitate its international expansion, and establish its position as a system provider in Europe. During Triton’s ownership, Norres Baggerman successfully completed three acquisitions, achieved an average annual organic growth rate of approximately 10%, and increased its sales by over 170% to surpass EUR 100 million. Additionally, the company implemented a well-defined framework to enhance its environmental, social, and governance (ESG) capabilities.

About Norres Baggerman Group:

Founded in 1889, Norres Baggerman Group specializes in the development, production, and sales of branded industrial hoses used for pneumatic conveying across a wide range of media types, including solids, gases, and liquids. Its hoses find applications in various end markets such as fume & dust extraction, agriculture, food & pharma, plastics, and wood processing. Headquartered in Gelsenkirchen, Germany, the company operates six production facilities (in Germany, China, the US, Italy (2), and Switzerland) and maintains 15 sales and warehousing sites (in the Czech Republic, France, Poland, Sweden, Taiwan, the United Kingdom, the Netherlands, Switzerland, Italy (2), the United States, Hungary, Russia, and Germany). For further information, visit www.norres.com/en/home/.

About Nalka:

Nalka is an investment firm focused on market-leading small and medium-sized businesses in the Nordic and DACH* regions. With offices in Stockholm and Munich, Nalka is dedicated to developing independent, competitive, sustainable, and profitable companies through commitment and collaboration. Since its inception, Nalka has owned and operated 28 companies across various industries, and its current portfolio comprises 10 companies with combined sales exceeding €2 billion. Nalka is part of Interogo Holding, a foundation-owned investment group based in Switzerland. For further information, visit www.nalka.com.

Investments in the DACH region are made by Nalka DACH Investments SA SICAF-RAIF, managed by Inter Fund Management and advised by Nalka Advisors Germany.

About Triton:

Founded in 1997 and owned by its partners, Triton is a leading European mid-market sector-specialist investor. With over 200 investment professionals stationed across 11 offices, Triton focuses on businesses that provide critical goods and services in the Business Services, Industrial Tech, Healthcare, and Consumer sectors. Triton operates through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit. For further information, visit www.triton-partners.com.

Media contacts:

Triton
Anja Schlenstedt
Phone: +49 69 9210 2190

SOURCE: TRITON