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Ceramic powder manufacturer Industriekeramik Hochrhein GmbH joins Turkish family group Nurol Holding
Düsseldorf, 18 September 2023
The Turkish company Nurol Teknoloji has acquired Industriekeramik Hochrhein GmbH (IKH GmbH), a manufacturer of innovative ceramic powders for use in the textile, industrial and defence sectors as well as the pharmaceutical industry, biomedical engineering and furnace construction.
The German subsidiary Nurol Technology Germany GmbH was comprehensively advised during the transaction by an interdisciplinary team of experts from Grant Thornton, drawn from the fields of financial advisory, tax and legal. Their advice included financial, tax and legal due diligence, assistance through the process, drafting the contracts, negotiations, and well as completing the transaction.
The buyers are a German purchasing company belonging to Nurol Teknoloji Sanayi ve Madencilik Tricaret A.S. based in Ankara, Turkey. Nurol Teknoloji is a subgroup of the Turkish family-held stock corporation Nurol Holding A.S. and develops and produces ballistic powders for the production of ballistic ceramics and protective equipment.
The seller is Marco Reinger from Lauchringen in Baden-Württemberg, who built the company over the past 28 years, originally with his father and brother. Now the sole shareholder, Reinger today transferred IKH GmbH to the Nurol Group, which has sales revenue of around four billion euros, to be able to exploit the potential for growth in collaborating with the buyers more quickly.
Team
Financial advisory
Tobias Kluth
Partner (Düsseldorf)
+49 211 9524 8106
tobias.kluth@de.gt.com
Klaus Schaldt
Partner (Düsseldorf)
+49 211 9524 8255
klaus.schaldt@de.gt.com
Timur Gümüs
Consultant (Düsseldorf)
+49 211 9524 8793
timur.guemues@de.gt.com
Tax
Dr Achim Kestler
Partner (Munich)
+49 89 36849 4279
achim.kestler@de.gt.com
Musa Yilmaz
Senior Manager (Frankfurt)
+49 69 905598 758
musa.yilmaz@de.gt.com
Dominik Saur
Senior Consultant (Munich)
+49 89 36849 4365
dominik.saur@de.gt.com
Legal
Dr Georg-Peter Kränzlin
Partner (Düsseldorf)
+49 2119524 8873
georgpeter@kraenzlin@de.gt.com
Marco Wagner
Partner (Düsseldorf)
+49 2119524 8874
marco.wagner@de.gt.com
Julia Hennig
Senior Associate (Munich)
+49 89 36849 4377
julia.hennig@de.gt.com
Dr Laura Krings
Counsel (Munich)
+49 89 36849 4242
laura.krings@de.gt.com
Georg Schmidt
Senior Associate (Munich)
+49 89 36849 4307
georg.schmidt@de.gt.com
About Grant Thornton in Germany
Grant Thornton is one of the ten largest audit firms in Germany, providing services to upper mid-market companies and listed companies, with around 1,600 employees at ten offices. The audit and advisory firm consists of the service lines Audit & Assurance, Tax, Advisory and Legal. The firm is the German member of Grant Thornton International Ltd. With over 68,000 employees, the Grant Thornton network advises companies in around 150 countries across the world. www.grantthornton.de