Key Facts
| Business Model | Design, production and distribution of decorative furniture fittings (handles, skirting, knobs) |
| Industry | Furniture industry |
| Turnover | ca. 24 million euros p/a |
| Staff complement | 290 |
| Acquisition date | December 2015 |
| Fund advised by DUBAG | Lenbach Equity Opportunities I. SCSp |
Operational Details
Initial and/or special situation
- Underperforming asset (private equity owner, fund was already closed)
- Declining sales and earnings due to capacity underutilisation
- High levels of inefficiency due to diverse production and logistics locations
- Lack of adaptation to changing market conditions
Turnaround results
- New sales strategy with customer oriented approach
- Significant reduction of costs by focusing on core locations
- Restoring competitiveness
- Expansion of existing sales activities in the USA
