Whitestone Takes Stake in Mäder Group
Whitestone Group has invested €23.6 million to acquire a 44% stake in Mäder Group, a France-based manufacturer of high-value-added paints, coatings and composite solutions.
Mäder serves industrial markets including rail, automotive and packaging. Whitestone said the group generates approximately €165 million in annual revenue and that the investment supports Mäder’s growth plans and strategic focus on sustainability and industrial decarbonization.
The transaction brings Whitestone, a Belgium-based investment holding company, into Mäder’s ownership structure as the coatings and composites supplier advances its Ë-Volve strategic plan.
“Acquiring a stake in a family-owned mid-market company that combines industrial and technological expertise in highly technical markets is fully in line with our investment thesis,” said Frédéric Pouchain, CEO of Whitestone Group.
Whitestone said Mäder’s growth strategy aligns with its objective of investing in industrial businesses with long-term development potential.
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