Nature of Business

Etanco is the leading designer, manufacturer and distributor of building fasteners and fixing systems in France. Headquartered near Paris with 600 employees, the company also has a strong presence in Belgium, Italy and Eastern Europe through its subsidiary Friulsider.

Etanco provides a full range of 45,000 products grouped under four categories: waterproofing, roofing, safety and facades. This extensive product range enables Etanco to offer products that meet specific market requirements and growing environmental and European regulatory standards. The company runs an integrated business model with 30-40% of its products manufactured in-house, and offers world class logistics with all “customised” products being delivered in less that 48 hours.

As a leading innovator of technical products, Etanco will be able to capitalise on the longer term trend of increasing thermal regulation (energy saving), across Europe.

Investment Overview

3i, and funds managed by 3i, acquired a majority stake in Etanco, in October 2011. Our investment provides a platform to accelerate the company’s growth and strengthen its market position. Through Active Partnership we will support Etanco’s international expansion by helping the company to professionalise and refocus its approach to export sales and by executing a buy-and-build strategy within the fragmented European market. We will work with the company to increase their market share by expanding their direct technical sales force and by expanding into adjacent segments of the construction industry through product development and acquisitions.

3i’s extensive experience of investing in the industrial sector and its global network will also enhance Etanco’s ability to access new geographies.

_{Regulatory notice: This transaction involved a recommendation of 3i Investments plc, advised by 3i France}.