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The Corporate Finance team is pleased to announce the sale of "Dach und Wand" Handels GmbH (“Dach und Wand”) to STARK Group. PwC supported Swisspearl Group and its subsidiary Eternit as lead financial advisor on the transaction.
Generating a current annual turnover of more than CHF 140m with a workforce of around 150 employees, Dach und Wand is one of the leading building materials wholesalers and a specialist in roofing and façade distribution in its markets. The company is operating through modern distribution sites in seven locations. Swisspearl Group with approximately 1'200 employees is active in the production of roof and façade systems as well as interior and garden design products. As part of a realignment of its portfolio to its core activities, Swisspearl Group has initiated a sale process for Dach und Wand in late summer 2021.
For the Danish STARK Group, the takeover of Dach und Wand represents the first acquisition outside Scandinavian and German markets. In November 2021, STARK Group acquired the German roof and façade specialist Melle Gallhöfer.
Signing took place on February 11, 2022. The transaction is subject to customary closing conditions and approvals by the relevant antitrust authorities. Closing is expected until end of March 2022.