Zurmont takes Bauwerk stake

Swiss mid-market firm Zurmont Madison Private Equity has acquired Bauwerk Parkett, a flooring company based in Switzerland.

The business was sold by Nybron Flooring International Corporation, and is now jointly owned by EGS Beteiligungen, an investment subsidiary of the Ernst Göhner Foundation (45%) and Zurmont Madison (55%).

Bauwerk Parkett was founded in 1944 by the aforementioned Ernst Göhner, who set up his foundation to support charitable endeavours using the money made from the foundation’s corporate investments.

Bauwerk Parkett is the market leader in double-layer parquet flooring in German-speaking Europe, with a workforce of around 500, with 300 in Switzerland and 200 in Austria.