Inwido acquisition of CWG Choices in the UK completed
This information is information that Inwido AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at Monday 1 August, 2016 at 8:45 a.m.
Inwido, Europe’s largest supplier of windows and doors, has as communicated in a press release on July 15, 2016 now completed the acquisition of the British window and door company CWG Choices.
CWG Choices is a leading manufacturer of double and triple glazed PVCu windows and doors covering the Midlands and South of England. In the UK PVCu windows represent 80 percent of total market sales.
Inwido acquires 100 percent of the shares in CWG Choices for GBP 11.6 million on a cash- and debt-free basis. With this acquisition Inwido complements the product offerings of Allan Bros. and Jack Brunsdon & Son by entering the market of PVCu windows and doors.
The company has some 180 employees and generated sales of GBP 23 million in 2015.
Read the pressrelease in the pdf attached
For more information, please contact:
Håkan Jeppsson, President and CEO Tel.: 46 (0)10-451 45 51 or 46 (0)70-550 15 17
Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90
Inwido is Europe’s largest supplier of windows and doors. The company has operations in Denmark, Finland, Norway, Sweden, Austria, Estionia, Ireland, Lithuania, Poland and the UK, as well as exports to a large number of other countries. The Group markets some 20 strong local brands including Elitfönster, SnickarPer, Hajom, Hemmafönster, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has approximately 3,400 employees and generated sales of slightly more than SEK 5.2 billion in 2015. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com