{"id":76115,"date":"2018-07-23T10:06:44","date_gmt":"2018-07-23T10:06:44","guid":{"rendered":"https:\/\/tin.happy-projects.ro\/indian-hil-limited-buys-german-flooring-giant-parador-eur-82-million\/"},"modified":"2025-09-19T08:48:36","modified_gmt":"2025-09-19T08:48:36","slug":"indian-hil-limited-buys-german-flooring-giant-parador-eur-82-million","status":"publish","type":"post","link":"https:\/\/www.timberindustrynews.com\/ro\/indian-hil-limited-buys-german-flooring-giant-parador-eur-82-million\/","title":{"rendered":"Indian HIL Limited buys German flooring giant Parador for EUR 82 million"},"content":{"rendered":"

The leading Indian building material producer HIL Limited, a subsidiary of the CK Birla Group, will acquire German flooring producer Parador from the previous main owner, NORDHolding Unternehmensbeteiligungsgesellschaft GmbH,\u00a0for a cash consideration of \u20ac82.8million.<\/em><\/p>\n

The acquisition, which will be done through its wholly owned subsidiary HIL International GmbH, Germany, is subject to antitrust filings in Germany and other relevant regulatory approvals. Parador, which is a vertically integrated supplier of premium quality flooring solutions based Coesfeld, Germany and was founded in 1977, has two manufacturing facilities, one at Coesfeld in Germany and the other at Gussing in Austria.<\/p>\n

The \u20ac142.2 million turnover Parador makes resilient flooring, laminate and engineered wood floors, wall and ceiling panels, skirtings and related accessories and has long-standing relationships with all major customers in Europe.<\/em><\/p><\/blockquote>\n

According to HIL, the acquisition will enable its transition into a global player in the building materials segment and facilitate its entry into the flooring solutions segment that is highly complementary to its current product portfolio while providing it a renowned brand with strong R&D and design capabilities.<\/p>\n

\"\"<\/a><\/p>\n

The combined entity will continue to enjoy a leadership position in the building material segment in India with strong capabilities in Europe, HIL said, adding that the strong leadership team at the helm at Parador will continue to be responsible for day-to-day operations and drive the business forward.<\/p>\n

Commenting on the acquisition, CK Birla, chairman, CK Birla Group, said:<\/strong><\/p>\n

\u201cThe acquisition of Parador fits into our strategic roadmap and is an important step towards becoming a global player in the building materials industry. It also enables us to enter into adjacent categories for future growth. Parador\u2019s strong developmental capabilities will enable us to build flooring solution products suited to India and South East Asian markets.\u201d<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The leading Indian building material producer HIL Limited, a subsidiary of the CK Birla Group, will acquire German flooring producer Parador from the previous main owner, NORDHolding Unternehmensbeteiligungsgesellschaft GmbH,\u00a0for a cash consideration of \u20ac82.8million. The acquisition, which will be done … Continue reading →<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":60546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4713,4716],"tags":[3360,3302,3411,3914],"class_list":["post-76115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies-in-the-timber-industry","category-latest-trends","tag-flooring","tag-germany","tag-india","tag-parador","topic-wood-based-panels","area-asia-middle-east","area-europe"],"acf":[],"yoast_head":"\nIndian HIL Limited buys German flooring giant Parador for EUR 82 million<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.timberindustrynews.com\/ro\/indian-hil-limited-buys-german-flooring-giant-parador-eur-82-million\/\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian HIL Limited buys German flooring giant Parador for EUR 82 million\" \/>\n<meta property=\"og:description\" content=\"The leading Indian building material producer HIL Limited, a subsidiary of the CK Birla Group, will acquire German flooring producer Parador from the previous main owner, NORDHolding Unternehmensbeteiligungsgesellschaft GmbH,\u00a0for a cash consideration of \u20ac82.8million. 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