Triton acquired Weru 14 years ago and saw the business nearly halve in size between 1999 and 2007 as the size of the European window market significantly declined.
The firm said Weru, which had sales of €143m last year, was still able to “maintain a leading market position” via a targeted investment programme.
Weru CEO Harald Pichler said, “Over the past years our owner took a long-term view on our key markets and enabled us to fund the strategic realignment and repositioning of the company.
“By making appropriate investments in our sales platform and new products throughout the downturn we built an outstanding position in the growing PVC window segment of the German window market.
“Today Weru is virtually free of debt and has built a solid platform for further expansion under new ownership.”
HIG Capital’s recent deals include the acquisition of a stake in out-of-home advertising business Eletromidia through its Brazilian affiliate.
Copyright © 2013 AltAssets