Sale of Skamol by Auriga Industries to Polaris
ATRIUM Partners advised Auriga Industries
Sale of Skamol by Auriga Industries to Polaris
Sector(s) : Industry and automotive
Date : July 2007
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Auriga Industries
ATRIUM Partners acted as financial advisor to Auriga Industries A/S (listed on OMX – the Nordic Stock Exchange) in connection with the divestment of its subsidiary Skamol A/S to Polaris Private Equity.
Skamol is a global operation company in a niche segment. The company develops, manufactures, and markets high temperature thermal insulating materials for heat processing industries i.e. the aluminium industry. The materials are also markets for the business of domestic heating appliances. In addition Skamol offers products for fire protection purposes.
Skamol is located in Nykøbing Mors – in the North Western part of Denmark – with manufacturing facilities in Denmark, France and Canada and quarries of raw material on the isles of Fur and Mors in North Western part of Denmark.
The company has a yearly turnover of approx. DKK 260 million.
It is Polaris Private Equity’s intention to continue the organic growth strategy, which Skamol with success implemented in 2004, and to accelerate the growth through acquisitions.
Back to search