The Munich-based industrial holding ADCURAM Group AG has sold the Duran Group (Duran) to private equity firm One Equity Partners (OEP). A corresponding agreement was signed on 28 November 2014.
Duran is one of the world’s leading manufacturers of borosilicate glass, a special-purpose glass which is highly resistant to chemicals and temperature. It is mainly used for laboratory glassware, in chemical process engineering and in home appliances. Duran has some 700 employees and generates sales of around EUR 100 million. With its premium DURAN® brand, a strong global sales network and production facilities in Germany, the UK, Croatia and India Duran is the undisputed worldwide technology, quality and innovation leader, with a particularly strong position in the laboratory glass market.
ADCURAM acquired Duran from Schott AG in 2005 as part of a complex carve out. TRACC LEGAL already supported Adcuram during such acquisition..
Adcuram was advised on the transaction by N+1 (M&A), P+P Pöllath+Partners and TRACC LEGAL (legal) and PWC (Vendor Due Diligence). OEP was advised by Freshfields (legal) and EY (Financial Due Diligence).