HUNTER DOUGLAS HAS AGREED TO ACQUIRE 80% OF DEBEL
Rotterdam, January 24, 2018 – Hunter Douglas, the world market leader in window coverings (LuxaflexÒ) and a major manufacturer of architectural products, has agreed to acquire 80% of Debel, the leading Danish supplier of window coverings to the mass merchant channel.
Debel is based in Randers (Denmark), employs 60 people and will remain as a standalone business with unchanged management.
The acquisition of Debel will strengthen the position of Hunter Douglas in the mass merchant segment of the Scandinavian market.
Profile Hunter Douglas
Hunter Douglas is the world market leader in window coverings and a major manufacturer of architectural products. The Company has its Head Office in Rotterdam, the Netherlands, and a Management Office in Lucerne, Switzerland. The Group is comprised of 131 companies with 50 manufacturing and 81 assembly operations in more than 100 countries. Hunter Douglas employs about 22,500 people and had sales in 2016 of USD 2.821 billion.
The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and the Deutsche Börse.
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