IK Investment Partners to acquire SCHOCK

IK Investment Partners (“IK”) is pleased to announce that the IK VIII Fund has reached an agreement to acquire Granite Holding GmbH (“SCHOCK” or “the Company”), the world’s leading granite kitchen sink manufacturer, from HQ Equita. Financial terms of the transaction are not disclosed.As the original inventor of the manufacturing technology commonly used in the production of granite sinks, SCHOCK has gained a reputation for innovation, quality and technological excellence. In fact, more than 60% of all quartz composite sinks manufactured worldwide are based on the production technique