Sale of Destag (Germany) tombstone activities to Holland Graniet

Holland Graniet is a manufacturer and distributor of polished granite slabs as well as an importer and distributor of finished grave monuments from overseas, both for the monument industry. Germany and the Netherlands are Holland Graniet’s main markets. Holland Graniet is the largest producer of slabs for monuments and the largest importer of finished monuments in the combined countries, with market shares of over 10%. Holland Graniet acquired through an asset purchase the tombstone activities of Destag Nederland. Debt financing was provided by ABN AMRO Bank.

PhiDelphi acted as advisor to Destag.

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