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Social responsibility
NORRES Schlauchtechnik has a long history of responsible behaviour towards the society we live in. We frequently participate in activities that benefit charitable organisations. We are extremely keen to support projects that help the socially disadvantaged, especially when they involve children. We also make an active contribution towards environmental protection.
NORRES Schlauchtechnik makes regular donations to “Noah's Ark”, a charity that describes itself as “a children’s hospice in the region and for the region”. The Ark’s concept, which is the only one of its kind anywhere in Germany, defines two main functions: to offer a haven for incurably ill children and to act as a short-term care centre for youngsters with severe disabilities. The aim is to assist the families concerned by providing professional care and respite for children and teenagers in the Noah's Ark centre. NORRES traditionally makes a donation to this deserving cause at Christmas.
At NORRES, all people are equal. All our staff benefit from the same opportunities. Their ethnic origin, religion, social background, age, sex or disabilities are considered to be irrelevant. NORRES maintains close links with a centre for handicapped people. Disabled staff carry out their work directly on the NORRES site and are therefore fully integrated in the life of the company.
The sustainable use of natural resources is firmly entrenched in NORRRES Schlauchtechnik's daily work processes. The move to our new “Am Stadthafen” facility coincided with extensive investments in eco-friendly production and HVAC technologies. Efficient insulation, double glazing, centrally controlled air conditioning with water chillers and production utilising heat recovery mean optimal protection for the environment. Since taking possession of the new and completely refurbished plant at the port of Gelsenkirchen in 2009, NORRES has succeeded in reducing the consumption of water, electricity and heating fuel dramatically – despite an almost fourfold increase in floor space.
Read the latest news about our social commitment and responsibility!
Triton has signed an agreement to acquire a majority stake in NORRES Group
Frankfurt / Gelsenkirchen (Germany), 9 October 2018 – The Smaller Mid-Cap Fund advised by Triton ("Triton") have signed an agreement to acquire a majority stake in NORRES Group (NORRES), one of Europe’s market leading manufacturer of plastic industrial hoses headquartered in Gelsenkirchen, Germany. Current owner and CEO, Burkhard Mollen, will retain his management position and co-invest alongside Triton. Terms of the acquisition were not disclosed.
"We want to support NORRES by investing in accelerated growth and continuous internationalisation of the company. We look forward to working together with the management team and contribute our expertise and available resources to promote our common vision of an even stronger company", said Peder Prahl, Director of the General Partner for the Triton funds.
NORRES is one of the leading manufacturers of plastic industrial hoses with production sites in Germany, China and the U.S. The company offers an extensive range of standard and made-to-measure branded industrial hoses which are used for pneumatic conveying of different media types (i.e. solids, gases or liquids) across various industries. NORRES has a long heritage of nearly 130 years with a strong track record in expanding its business via product innovation and internationalisation. The Group’s excellent reputation and market position is, among others, based on its high-quality product portfolio, operational excellence and customer orientation. In October, NORRES was awarded ‘Vendor of the year 2018’ (DACH region) by the Association of Technical Trade for the third consecutive time.
“This transaction is an important milestone in our longstanding history. The new partnership will contribute to our expansion strategy in our efforts to achieve global market leadership. We welcome Triton as a new majority owner and a respected investor that will embrace and support the execution of our plans to further develop the company", said Burkhard Mollen, CEO of NORRES Group.
“We are pleased that Mr. Mollen has chosen Triton as his and the management’s future partner in exploiting further growth opportunities for NORRES. We are impressed by the company’s strong market presence, client reputation and innovation culture, only recently distinguished by the ‘Vendor of the year’ award. NORRES is a great company and we seek to support its continued internationalisation efforts and strategic acquisitions by providing capital, regional access and sector expertise, available through the Triton platform.”, added Andi Klein, TSM Investment Advisory Committee Member and Investment Advisory Professional to the Triton Funds.
About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 35 companies currently in Triton's portfolio have combined sales of around €12.7 billion and around 82,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.
for more information: www.triton-partners.com
About NORRES
NORRES was founded in 1889 and focusses on the development, production and sales of branded industrial hoses used for pneumatic conveying of different media types (i.e. solids, gases or liquids) for a wide variety of end markets (e.g. fume & dust extraction, agriculture, food & pharma, plastics and wood processing). The company is headquartered in Gelsenkirchen (Germany) and employs approx. 300 people across three production facilities (DE, CN, US) and five sales & warehousing sites (CZ, FR, PL, TW, UK).
For further information: www.norres.com
Press Contacts
Triton
Marcus Brans
Tel.: +49 (0) 69 921 02204
NORRES
Nadine Dreismickenbecker
Tel.: +49 (0) 209 80000-412
nadine.dreismickenbecker(at)norres.de
