Mayer Brown has advised NORRES, a portfolio company of Triton Smaller Mid-Cap Fund I, on its acquisition of Baggerman Group. The parties have agreed not to disclose the purchase price.
The Baggerman Group, headquartered in Roermond, Netherlands, is a specialist manufacturer of industrial hoses, couplings and related parts. The company also has branches in Italy, Switzerland, Hungary and Romania.
NORRES is one of the market-leading manufacturers of industrial plastic hoses in Europe. It has production facilities in Germany, China, the US and Italy and distribution and warehouse locations in the Czech Republic, France, Poland, Sweden, Taiwan and the UK. The company, founded in 1889, employs approximately 300 people worldwide.
NORRES is owned by Triton Smaller Mid-Cap Fund I, which invests in medium-sized, European companies in the industrial, technology, business services, healthcare and consumer goods sectors.
The Mayer Brown team was led by Corporate & Securities partners Dr. Robert John, LL.M. and Dr. Julian Lemor and included senior associate Anna-Lena Haggeney and associates Dominique Kurtz and Darius Mey, and Tax Transactions & Consulting – partner Volker Junge (all based in Frankfurt).