H2 - JET Group Holding

JET Group Holding

Company: JET Group Holding B.V.
www.jet-group.info, www.bik.nl, www.vaculux.nl, www.coxbp.com
Date investment: June 2011
Investment: Growth
Status: Current investment

JET is active in the production and sales, including service and maintenance, of mainly (SHEV) domes and continuous rooflights (“CLR”) mainly focused on the non-residential market in Germany. JET operates two production facilities in Hüllhorst and Voerde, Germany. Six locations throughout Germany and Poland offer the complete array of products, project management and maintenance services. In addition, JET produces specialized expanded polystyrene (“EPS”) packaging products for local industrial clients in the Hüllhorst facility. The daylight and smoke ventilation products of JET are directly sold to builders and contractors or through wholesalers and Value Added Resellers. JET also offers installation and maintenance services. JET has a strong market leadership position in Germany, and exports to central and eastern Europe. For more information on JET see www.jet-group.info.

PRG
Similar to JET in Germany, PRG produces and sells dome and rooflight products in its home market The Netherlands. Its main brands in this market are BIK and Vaculux. It has production facilities in Opmeer and ‘s Hertogenbosch, the Netherlands. The products are mainly sold to wholesalers and contractors and used in residential, industrial and public and commercial end markets. Outside The Netherlands, (semi-) finished products are sold through Value Added Resellers. PRG also owns and operates a sales and assembly business in the UK, Cox Building Products. For more information on PRG see www.bik.nl, www.vaculux.nl and www.coxbp.com.

Together JET and PRG posted revenues of over € 100 million in 2010 and employ ca. 550 FTE.

The investment thesis of H2 is to build a pan-European market leader in specialized rooflight & ventilation products. The companies in the acquired group can benefit from each other in terms of sharing product technologies, achieving cost benefits and accelerating international growth. The group is very well positioned to capture growth opportunities in a fragmented industry structure, with structural market growth drivers like regulation and legislation, and positive social trends such as energy efficiency and comfort.

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