Private Equity Firm Buys European Parquet Maker

Zurich, Switzerland, Oct. 20, 2009--Zurmont Madison Management, a Zurich-based private equity firm, has acquired Bauwerk Parkett, a double-layer parquet flooring company serving the German-speaking European market, for an undisclosed sum.

Bauwerk Parkett was founded by in 1944 and has since been developing, producing and selling double-layer and solid wood parquet.

Bauwerk has strong positions in Switzerland, Austria, Germany and The Netherlands in particular, according to a press release.

Zurmont Madison (55 per cent interest) and EGS Beteiligungen (45 per cent interest) will provide the capital required by the company to continue to implement its international growth strategy.