Bathroom specialist hansgrohe operates a large electroplating facility at its plant in Schiltach, where it also uses physical vapor deposition (PVD). The US financial investor Masco holds a 68% majority stake in the company, with the remainder still held by the entrepreneurial family Klaus Grohe.
In the meantime, investments in other industrial companies are becoming increasingly important, as the Handelsblatt reports. They are looking for medium-sized companies with succession problems, preferably industrial holdings. The Klaus Grohe family has now increased the investment capital of its company Syngroh Capital to 200 million euros and taken over the mechanical engineering company Benzinger.
Founded in 1916, the Pforzheim-based manufacturer of lathes and milling machines supplies well-known manufacturers of luxury watches, among others, and claims to be the market leader with its precision machines. However, the systems are also used in other industries, including optics, precision mechanics, medical technology, automotive suppliers and aerospace.
The Grohe family's investment policy is also intended to "pave the way for the next generation"
Syngroh's investment targets are companies with a turnover of between 30 and 80 million euros. The portfolio includes investments in building technology company KMLS and cooktop specialist Termacook, among others. The Grohe family's investment policy is also intended to "pave the way for the next generation", according to Handelsblatt. The four brothers of the entrepreneurial family have a total of 14 children. Their interests have already diverged in the past. In addition to Hansgrohe, there is also Grohe AG in Hemer, Westphalia, founded by Friedrich Grohe in 1936. Initially, the companies shared the markets - Hansgrohe offered shower heads, Grohe fittings. Today, they are competitors.
