Hunter Douglas to acquire Faber-Benthin
Hunter Douglas to acquire Faber-Benthin
Rotterdam, 1 February 2010 – Hunter Douglas, the world market leader in window coverings, has agreed to acquire Faber-Benthin from the Danish VKR Holding.
VKR Holding owns and develops companies in the building industry and has activities in more than 40 countries.
Faber-Benthin is a European manufacturer of window covering products.The company manufactures both made-to-measure window covering products, under the Faber brand, as well as components and machinery for the assembly of window covering products, under the Benthin brand.
Faber-Benthin operates plants in Bremerhaven (Germany), Ryslinge (Denmark), Chludowo (near Poznan, Poland), St. Soupplets (France) and Northampton (UK).
Faber-Benthin has sales of around EUR 60 million and has 500 employees.
Faber-Benthin has sales of around EUR 60 million and has 500 employees.
Hunter Douglas intends to improve the operational and distribution scale of the acquired operations, while leaving local management of these businesses unchanged.
“The Faber-Benthin Group is very synergistic with Hunter Douglas in the European market, enabling us to strengthen our product offering and operating efficiency”, says Aad Kuiper, President of Hunter Douglas’ European Operations.
The acquisition is conditional on the approval by the German competition authorities.
Hunter Douglas has its Head Office in Rotterdam, The Netherlands, and a Management Office in Luzern, Switzerland. The Hunter Douglas Group is composed of 162 companies operating in more than 100 countries. Hunter Douglas had sales in 2008 of USD 2.9 billion and employs about 17,000 employees.
The shares of Hunter Douglas N.V. are listed on Euronext and Deutsche Börse.
For further information:
A. Kuiper L. Reijtenbagh
President & CEO Vice President & Chief Financial Officer
European Operations Hunter Douglas N.V.
Phone: +31.10.4869510 Phone: +31.10.4869582
Fax: +31.10.4869019 Fax: +31.10.4850355
Website : www.hunterdouglasgroup.com
