The NORRES Group, one of the leading manufacturers of industrial plastic hoses in Europe, takes over the Baggerman Group. This takeover creates a European group of companies with excellent problem-solving skills. The parties have agreed not to disclose the terms of the transaction.
The Baggerman Group is a manufacturer and distributor of industrial hoses, couplings and accessories. The company has been a recognized, specialized manufacturer for almost 70 years with offices in the Netherlands, Italy, Switzerland, Hungary and Romania.
NORRES was founded in 1889 and focuses on the development, production and sale of branded industrial hoses that are used for the pneumatic conveyance of different media for a large number of end markets. With its headquarters in Gelsenkirchen, NORRES has branches in the USA, China, Poland, France, the Czech Republic, the United Kingdom, Italy and Sweden.
taxess provided tax and structural advice on the acquisition.