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Change of owner at Parador: Nord Holding acquires flooring manufacturer.

Coesfeld, 30 September 2016 – As of 1 October 2016, Nord Holding Unternehmensbeteiligungsgesellschaft mbH acquires Parador including its subsidiaries from the previous owner, the Hüls group of companies.

“We are pleased to have a renowned investor by our side in the form of NORD Holding. Together we want to continue the growth path embarked upon and develop our position in the market considerably,” explains Lubert Winnecken, Managing Director of Parador. The company is continuing to grow and is expected to achieve a double-digit turnover increase in 2016.

NORD Holding Unternehmensbeteiligungsgesellschaft mbH from Hanover is one of Germany's oldest investment companies and invests in small and medium growth companies over the long term.

About Parador:

Since its foundation in 1977, Parador GmbH has developed into a leading manufacturer of high quality systems for floor and wall design. The product range includes laminate flooring, engineered wood flooring, panels, resilient and textile floor coverings, which are produced at the German headquarters in Coesfeld and the Austrian site in Güssing. The highest demands on technology, materials and surface finish guarantee the company's success worldwide. Parador has been awarded international prizes for outstanding product design, including the red dot design award, Interior Innovation Award and German Design Award. As a traditional wood processing company, Parador is committed to handling natural resources responsibly and sets ecological standards in terms of materials, production, packaging and logistics. Since 2011 Parador has been a partner of the “Plant-for-the-Planet” foundation, which campaigns worldwide for reforestation and climate justice.

Press contact:

Parador GmbH
Millenkamp 7-8
48653 Coesfeld
T +49. (0)2541.736-169
F +49. (0)2541.736-8169
presse@parador.de

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