DOBROPOLAST
Polish profiles producer acquired by AFG / Swiss manufacturer adds to existing windows portfolio
Window profiles manufacturer Dobroplast (Zambrow / Poland; www.dobroplast.pl) has been acquired by construction materials and machinery group AFG Arbonia-Forster-Holding (Arbon / Switzerland www.afg.ch). Dobroplast had a turnover of around CHF 90m (EUR 75m) in 2011 and the acquisition is expected to be completed in January 2013. Terms of the deal were not disclosed.
AFG said the purchase will enable its windows and doors division, which embraces the “EgoKiefer”, “Slovaktual” and “RWD Schlatter” brands, to expand its window portfolio both geographically, as well as qualitatively and in terms of price.
In addition to the head office in Zambrow, Dobroplast has a further plant in Lublin / Poland – see Plasteurope.com of 13.05.2010 – which began operations in August 2012. The company employs almost 1,200 staff and sales of PVC windows account for around 90% of turnover, with the remaining 10% divided between roof windows, exterior doors, aluminium windows and casings for blinds.
AFG said its windows and doors division will be able to increase sales by about 20% to about CHF 500m as a result of the purchase. The international share in the division will rise by about 25% – the acquisition provides access to the Polish window market, which is four times as large as the Swiss market in terms of volume.
AFG chief executive Daniel Frutig said: “Dobroplast operates in one of the most attractive eastern European markets and strengthens the great potential of significantly expanding exports to central and eastern European markets as well as Germany.”
AFG said the purchase will enable its windows and doors division, which embraces the “EgoKiefer”, “Slovaktual” and “RWD Schlatter” brands, to expand its window portfolio both geographically, as well as qualitatively and in terms of price.
In addition to the head office in Zambrow, Dobroplast has a further plant in Lublin / Poland – see Plasteurope.com of 13.05.2010 – which began operations in August 2012. The company employs almost 1,200 staff and sales of PVC windows account for around 90% of turnover, with the remaining 10% divided between roof windows, exterior doors, aluminium windows and casings for blinds.
AFG said its windows and doors division will be able to increase sales by about 20% to about CHF 500m as a result of the purchase. The international share in the division will rise by about 25% – the acquisition provides access to the Polish window market, which is four times as large as the Swiss market in terms of volume.
AFG chief executive Daniel Frutig said: “Dobroplast operates in one of the most attractive eastern European markets and strengthens the great potential of significantly expanding exports to central and eastern European markets as well as Germany.”
09.11.2012 Plasteurope.com [223820-0]
Published on 09.11.2012