German industrial conglomerate Mutares has completed the carve-out of Hamberger Industriewerke's flooring division, acquiring the Haro brand parquet and hard flooring manufacturer. The deal positions Mutares to expand its presence in the construction materials sector through this €150 million revenue-generating platform.

Haro, known for its premium flooring products, will operate as a standalone entity under Mutares' goods and services segment. The private equity firm sees significant growth potential in expanding the brand's product portfolio beyond its current offerings. This acquisition aligns with Mutares' strategy of identifying undervalued industrial businesses with operational improvement opportunities.

The transaction marks Mutares' latest platform investment, strengthening its portfolio of industrial companies. By separating the flooring division from Hamberger's broader operations, Mutares aims to unlock value through focused management and strategic expansion. The deal demonstrates continued investor interest in specialized manufacturing businesses with established market positions.