Deal Details
Sale to Sangetsu Corporation
Summary
Baird served as the exclusive financial advisor to Koroseal on this transaction
About
Koroseal Interior Products Holdings, Inc., together with its subsidiaries (the “Company” or “Koroseal”), a portfolio company of an affiliate of Peak Rock Capital LLC (“Peak Rock”), was recently acquired by Sangetsu Corporation (“Sangetsu”) (TYO:8130).Koroseal is a leading distributor of commercial interior products. The Company’s core product portfolio of commercial wallcoverings, wall protection systems and dry-eraseable wallcoverings are utilized by interior designers, architects, contractors and corporations and are primarily featured in the hospitality, healthcare, corporate, retail and education markets. Koroseal is headquartered in Fairlawn, Ohio.
Peak Rock is a leading middle-market private equity firm that focuses on investing in opportunities where it can support senior management in driving rapid growth and profit improvement through operational and strategic change. Peak Rock Capital is based in Austin, Texas.
Sangetsu Corporation, originally founded in 1852, is the largest interior products company in Japan. It specializes in the development and sales of interior products including wall coverings, flooring materials, curtains and upholstery. Sangetsu had approximately $2 billion in sales in 2015 and employs approximately 1,200 people globally. Sangetsu is headquartered in Nagoya, Japan.
For additional information about this transaction, please contact:
- Date
- November 2016
- Company
- Koroseal Interior Products Holdings, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- Asia
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