Change of ownership at Parador
Coesfeld, July 11, 2018 – The leading Indian building material manufacturer HIL Limited, a subsidiary of the CK Birla Group, will acquire Parador from its previous main owner, NORDHolding Unternehmensbeteiligungsgesellschaft mbH. This process was initiated with today's contract.
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"We are pleased to have with HIL Limited a strategic investor by our side who wants to continue the long-term growth course and the successful business model," explains Lubert Winnecken, CEO of Parador.
HIL Limited is the market leader in the building material segment in India for more than 70 years. Now it wants to expand its global footprint. "With Parador, we have found a strong brand with international repute and great potential. The synergistic combination of complimentary portfolios will create a stronger global business for Parador and all our brands. We are pleased to welcome this premium brand to HIL family", said Dhirup Choudhary, CEO of HIL Limited.
"This partnership enables us to continue investing and expanding and exploit our growth potential in the long term. With a strong partner like HIL Limited, we will have further growth prospects. We are making a strong commitment to the future," says Lubert Winnecken. "The decision for Parador is clearly to be understood as a strong decision for the brand and its successful business model."