In 1999, CVC Funds acquired approximately 50% of Wavin from Shell. Wavin, active in 28 countries, is amongst the most pioneering and leading manufacturers of plastic pipes systems in Europe with a 28% market share.
Founded in Twist, Germany, in 1956, Wavin today belongs to part of Wavin BV, headquartered in Zwolle, Netherlands. The company has offices in 28 European countries with manufacturing plants in 16 of those countries; it employs around 7,000 members of staff.
Wavin provides above and below ground solutions for supplying hot and cold water, heating and cooling systems and management of both waste and rain water. The company’s customers include building contractors, housing developers, wholesalers, plumbers, large installation companies, and municipalities. Wavin’s products are also available in Asia, Africa, North and South America and the Middle East.
In September 2005, CVC Funds acquired the remaining stake in Wavin from the WMO, a group of municipalities and provinces in the East of the Netherlands. Since October 2006, Wavin has been listed on the Dutch Euronext, and was fully exited by CVC Funds in April 2007.