Published - October 18th, 2019
Parcom Capital has reached an agreement to acquire the shares in Outdoor Life Group ('OLG') from NPM Capital. OLG is a European market-leading producer and wholesaler of garden timber and garden cabins. The company is active across the value chain from sawmill to wholesale companies, with a production and sales presence throughout Europe. In recent years OLG has actively undertaken an active buy-and-build strategy through several acquisitions.
Outdoor Life Group realizes circa €230 million in revenue and is headquartered in Gouderak (Netherlands), with production and assembly locations in the Netherlands, Germany, Poland, Hungary and Estonia, and wholesale companies located in the Netherlands, France, and Norway. The company operates a multi-brand strategy, supported by strong brand names including Woodvision, Hillhout, Lasita Maja and Weka.
Stephan van Dongen, Investment Director at NPM Capital, says: “Our journey with OLG over the past years has been very successful as part of our strategy of “Building better business together”. The company has grown significantly since our initial investment in 2006 as we have supported OLG with investments in both organic and inorganic growth. Now having a leading position in Europe, OLG is ready for the next stage in its growth trajectory.”
Parcom Capital provides specialist knowledge and guides companies through phases of sustainable growth and transformation.
Closing of the transaction is subject to approval by anti-competition authorities and other customary conditions.