Major M&A news once again, this time in the aluminium part of our market, as it is announced that the European arm of Kawneer has been acquired by Munich-based Mutares Group.
This continues a string of acquisitions in the aluminium space as both the UK and European markets see further consolidation in the face of stagnant economic conditions.
A statement on the Kawneer website announced the following:
Mutares SE & Co. KGaA has successfully completed the acquisition of Kawneer EU. The transaction strengthens the Mutares Engineering & Technology segment as a new platform acquisition.
As of the 1st of October, Kawneer Europe, combining the strengths of our teams in UK, France and the Netherlands, has become a standalone company within the portfolio of the investment firm Mutares. This marks the beginning of an exciting new chapter. One that builds on Kawneer’s strong foundation while embracing fresh energy, ideas, and long-term growth.
We will continue to design, manufacture, and supply industry-leading aluminium systems across the UK, France and the Netherlands, now with the added strength of Mutares alongside us.
Company profile of Mutares SE & Co. KGaA, Munich, a listed private equity holding company with offices in Munich (HQ), Amsterdam, Bad Wiessee, Chicago, Frankfurt, Helsinki, London, Madrid, Milan, Mumbai, Paris, Shanghai, Stockholm, Vienna and Warsaw, acquires companies in special situations which show significant operational improvement potential and are sold again after undergoing a repositioning and stabilization process.
Read the original article here: https://www.kawneer.co.uk/news/kawneer-eu-now-part-of-the-mutares-group/
A statement from Mutares was also released via their website:
Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of the European business of Kawneer (“Kawneer EU”). The transaction strengthens the Mutares Engineering & Technology segment as a new platform acquisition.
Kawneer EU is a leading designer, manufacturer, supplier, and distributor of aluminium window and façade systems, operating through three country-focused business units in the Netherlands, France, and the UK, each with deep market penetration and long-standing customer relationships. The company employs over 400 people. With over 450 customers and four highly efficient facilities, the platform delivers comprehensive building envelope solutions, including windows, doors, sliders, curtain walls, and framing systems in residential and non-residential markets, making it a one-stop shop for customers.
Read the original article here: https://mutares.com/en/mutares-has-completed-the-acquisition-of-kawneer-eu/
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