IK buys Groupe Etanco

Industri Kapital, a European private equity firm, has acquired Groupe Etanco, a French fastener and fixing systems business, for an undisclosed sum.

A share purchase agreement was signed with the Lebraut family, which founded the business in 1952. The family business, based outside of Paris, employs 600 people in six sites and generates €130m of turnover. Its products are grouped under fastening, over-roofing, safety and facades sectors.

Industri Kapital said that it will support existing management’s strategy of growth through product expansion and reinforcing its market positions across Europe.