Coveright Surfaces Spain SA is the leading manufacturer of melamine film in southern Europe. Melamine films serve as decorative and durable surfaces for wood boards primarily used in furniture manufacturing.
The low-pressure melamine (LPM) film, made with Coveright technology, is the most important surface material for panels. LPM has replaced other materials like laminates, veneer, thermoplastics, and liquid coatings.
In addition, Coveright Surfaces Spain manufactures other films used in materials like high-pressure laminates (HPL), Werzalit, or varnishable surfaces.
Coveright Surfaces Spain’s customers are wood processors who add Coveright films to their products (boards, panels, etc.) through heat and pressure. These boards are used by the furniture industry for a wide variety of applications in dry environments (file cabinets, shelving, tables, wardrobes, etc.) and also in moist environments (bathrooms or kitchens).
PURCHASE
May, 2011
SECTOR
Electrochemical Industry
STATE
Divested
HEADQUARTERS
Barcelona
PARTICIPATION
Majority
ACQUIRED FROM
Ownership
REVENUE AT PURCHASE
€20,4M
INTERNATIONAL PRESENCE
Spain and France
FUND
SPECIAL SITUATIONS I
DIVESTMENT DATE
September, 2022
REVENUE AT EXIT
€17,3 M
HOLDING PERIOD
11 years
“Sherpa gave us a clearer vision of our business, made us believe in ourselves, and gave us the opportunity to form a team that, motivated and with clear and concise objectives, has been able to achieve goals and challenges that were unimaginable years ago.
As its name suggests, Sherpa is a good travel companion, preparing the business to take on bigger objectives by ourselves in the near future.”
Joan Padrós
