Business description

ZND is a leading manufacturer of temporary fences (panels and barriers) for construction and event markets. The Company runs a highly efficient and fully automated production process and sell to distributors and rental companies throughout Europe. ZND is market leader in several European countries and has production facilities in the UK, the Netherlands, and Poland.

Investment thesis

ZND’s strategy is to leverage its strong local production facilities and market position to serve clients throughout Europe and diversify geographically. Continued strong growth is expected in Eastern Europe on the back of increased focus on health and safety. We aim to further grow the business by selectively pursuing targeted add-on acquisitions.