Indian HIL Limited buys German flooring giant Parador for EUR 82 million

The leading Indian building material producer HIL Limited, a subsidiary of the CK Birla Group, will acquire German flooring producer Parador from the previous main owner, NORDHolding Unternehmensbeteiligungsgesellschaft GmbH, for a cash consideration of €82.8million.    The acquisition, which will be done through its wholly owned subsidiary HIL International GmbH, Germany, is subject to antitrust filings in Germany and other relevant regulatory approvals. Parador, which is a vertically integrated supplier of premium quality flooring solutions based Coesfeld, Germany and was founded in 1977, has two manufacturing facilities, one at Coesfeld in Germany and the other at ...