M&A Deal Summary

AURELIUS Equity Opportunities Acquires Huppe

On March 12, 2021, asset manager AURELIUS Equity Opportunities acquired building materials company Huppe from Masco

Acquisition Highlights
  • This is AURELIUS Equity Opportunities’ 3rd transaction in the Building Materials sector.
  • This is AURELIUS Equity Opportunities’ 20th transaction in Germany.

M&A Deal Summary

Date 2021-03-12
Target Huppe
Sector Building Materials
Buyer(s) AURELIUS Equity Opportunities
Sellers(s) Masco
Deal Type Divestiture

Target

Huppe

Bad Zwischenahn, Germany
Huppe is a manufacturer of shower enclosures, shower trays, wall panels, and bathroom accessories. Huppe was founded in 1889 and is based in Bad Zwischenahn, Germany.

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Buyer(S) 1

DESCRIPTION

The AURELIUS Group is an independent investment firm focused on buyouts and spin-offs of Western European middle-market to large companies. The Firm looks to invest €5 to €80 million per transaction in companies valued up to €250 million. AURELIUS is a generalist investor but has a preference for opportunities in the chemicals, information technology, consumer products, business services, and industrials sectors. The AURELIUS Group was formed in 2006 and is based in Grünwald, Germany.


DEAL STATS #
Overall 53 of 64
Sector: Building Materials M&A 3 of 4
Type: Divestiture M&A Deals 25 of 35
Country: Germany M&A 20 of 22
Year: 2021 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-19 Moveero

Telford, United Kingdom

Moveero is a manufacturer of off-highway wheels, supplying a proven range of high-quality products and systems. The company operates from manufacturing plants across Europe and North America supplying the agricultural, construction, industrial, and mining industries, including many leading international OEMs. Moveero is based in Telford, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Panasonic Consumer Energy

Zellik, Belgium

Panasonic Consumer Energy operates two manufacturing facilities, one located in Belgium and one in Poland. The company has a history of high-quality manufacturing and distribution in the European market. Its key products include alkaline and zinc-carbon batteries as well as both rechargeable Ni-MH batteries and specialty batteries. Panasonic Consumer Energy is based in Zellik, Belgium.

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Seller(S) 1

SELLER

Masco

Livonia, Michigan, United States

Category Company
Founded 1929
Sector Building Materials
Employees18,000
Revenue 7.8B USD (2024)
DESCRIPTION
Entrance to Masco's corporate headquarters in Taylor, Michigan.
Entrance to Masco's corporate headquarters in Taylor, Michigan.

Masco manufactures, distributes and installs home improvement and building products. The Company is among the largest manufacturers in North America of a number of home improvement and building products, including faucets, cabinets, architectural coatings and windows, and Masco is one of the largest installers of insulation for new home construction. The Company provides a broad product offering in a variety of styles and price points and distribute products through multiple channels, including directly to homebuilders and wholesale and retail channels. Masco was formed in 1929 and is based in Livonia, Michigan.


DEAL STATS #
Overall 11 of 12
Sector: Building Materials M&A 7 of 7
Type: Divestiture M&A Deals 9 of 10
Country: Germany M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-31 Smartap LTD

Ein Hashofet, Israel

Smartap LTD combines a pure sensational experience with elegant design by using smart technology to learn the client's personal habits and adjust to their preferences, making each shower or bath an indulging experience. Smartap was formed in 2010 and is based in Ein Hashofet, Israel.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 Steamist

Rutherford, New Jersey, United States

Steamist is a manufacturer of steam bath products for the commercial and residential markets. Steamist was established in 1958 and is based in Rutherford, New Jersey.

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