Skamol produces a variety of insulation materials capable of withstanding high temperatures, which are primarily used in the aluminium, cement and paper industries.
During the last five years Polaris and the current management have raised profitability in the company significantly, as well as strengthening the company strategically, a statement from the business said.
”Skamol is a strong company today with a competent management, unique products and a leading global market position in certain areas,” said FSN partner Thomas Broe-Andersen.
“In cooperation with management we can support a strategy focusing on higher growth, both in existing and new segments.”
Skamol has undergone significant changes under the private equity firm’s ownership said Polaris’ Viggo Nedergaard Jensen.
“We have concentrated on the three core businesses, expanded internationally through an acquisition of a Russian company, as well as we have sold a number of unprofitable units,” he said.
Carnegie, Accura, KPMG Transaction Services and COWI advised Polaris on the deal, while Kromann Reumert, Mannheimer Swartling, Deloitte Transaction Services and Bain advised FSN Capital.
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