About Winoa:
Winoa was founded in 1961 under the name Wheelabrator Allevard through a joint venture between a subsidiary of the French group Wendel and the US operator with a stake held by senior management. The mission of Winoa is to provide easy-to-use, cost-effective, and environmentally–friendly solutions on a worldwide basis for the treatment or transformation of metal surfaces (cleaning, preparation and strengthening) and for the cutting of stone.
Buoyed by an active policy of organic growth and strategic buy-outs, Winoa quickly rose to become the world’s leading name for the production of steel shot and related services, commercialized primarily under the label W Abrasives. The Group has also developed Phenics, a ground-breaking on-site treatment process for metal structures.
The main market outlets are, amongst others, the automotive, steel and construction industries, all highly exposed to the current economic downturn. Since the recession of 2008 and a slow-down in demand across Western Europe, Winoa has found growth drivers by opening industrial facilities in emerging countries (particularly Russia and China), and by developing research and solutions services, both of which offer high added-value.
Key figures:
* As at December 31, 2012, on a like-to-like basis
(excluding diamond tools)
- Revenues of €370 million / EBITDA: €50 million
- 1,077 employees, of whom 15% are in France
- 12 plants on 4 continents / 5 testing and research facilities
- 80 sales offices and depots in 30 countries
- 240 agents and distributors, and 10,000 direct customers
About KKR:
Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading global investment firm with $90.2 billion in assets under management as of September 30, 2013. With offices around the world, KKR manages assets through a variety of investment funds and accounts covering multiple asset classes. KKR seeks to create value by bringing operational expertise to its portfolio companies and through active oversight and monitoring of its investments.
KKR complements its investment expertise and strengthens interactions with fund investors through its client relationships and capital markets platform. KKR & Co. L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR) and “KKR”, as used in this release, includes its subsidiaries, their managed investment funds and accounts, and/or their affiliated investment vehicles, as appropriate).
The 81 companies that currently go to make up the KKR portfolio include most notably, Bis Industries, a leading provider of logistics support solutions for the steel sector and related industries, and investments in Steel Dynamics, Ryerson, AM Castle and Novelis. Of the companies in the existing portfolio, 21 have significant levels of business in France (including Tarkett, Alliance Boots, Kion Group, SMCP).
For additional information, please visit KKR’s website at www.kkr.com.
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