Coveright - Bahn

Coveright

Coveright Surfaces Holding GmbH

Coveright SurfacesEssen,
Germany
 

   
Sales 2011 €154.6mn
Sales 2010 €204.2mn
Sales 2009 €204.3mn
Employees 2011 380
Investment €6.8mn
Equity share Deutsche Beteiligungs AG 16.8%
Equity share co-investment funds 42.5%
First invested June 2003
Sector Specialty chemicals
Nature of business A producer of surfacing materials
Website www.coveright.com

 
Profile:

Coveright Surfaces Holding is headquartered in Essen and operates production sites in Germany, Brazil, Canada, Spain, Russia and the US. The company produces impregnated decorative films and foils used in the manufacture of furniture and laminate floorings and in the woodworking industry. Key markets are Germany and the US. Coveright is the market leader in Russia and in North and South America. A technology leader in its industry, Coveright continually works to further expand that position through its emphasis on research and innovative product developments.

Investment Case:

Based on its market and technological leadership, a successful restructuring programme as well as strategic steps in purchasing and sales, Coveright has strong potential for growth, which is why Deutsche Beteiligungs AG has chosen to back the company.

Strategy:

In line with its focus on its European activities and core business in America, Coveright sold its subsidiary in Malaysia. Coveright intends to continue its restructuring programme in Europe and expand its market position particularly in America by targeted acquisitions, thereby opening up new markets. Combined with intensive research in new technologies, this creates further potential for growth.


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