After the acquisition of 50% of AQ Okna capital last July, AB Fenêtres Groupe is today announcing the signing of a conditional agreement that allows them to hold 100% of the capital of this same company. This transaction is subject to the usual suspensive conditions such as an audit and employee consultation.
Number 2 in the manufacture and distribution of woodwork in the Czech Republic, AQ Okna forecasts a 2007 turnover of over 35 M¤, from 70% of the public and institutional markets. The company employs 600 people, boasts 20 shops and 3 key production sites, whereof an annual capacity of 200,000 windows in wood, PVC and aluminium (i.e. 700 to 800 windows/day). AQ Okna is planning to form a mixed private-franchise network of 65 shops end 2008.
"The 100% acquisition of AQ Okna will be a decisive move for AB Fenêtres Groupe, that will thus be one of the references in the booming home improvement market in Eastern and Central Europe Moreover, we're studying the new opportunities opening up for our trade in this area of strong development potential", concludes Willy Bernard, Group founder and President.
About AB Fenêtres Groupe (www.abfenetres.fr):
Founded in 2000 by Willy Bernard, Chairman and CEO, AB FENETRES Groupe specialises in the manufacture, distribution and assembly of interior and exterior joinery fittings, doors, windows and other openings (shutters, windows, garage doors, roller blinds, blinds, entrance doors, etc.). The Group's main activity centres on PVC joinery fittings. With a unique business model, spanning the entire length of the value chain (manufacturing, distribution and installation of joinery fittings), the company employs 340 people.AB FENETRES Groupe was admitted to the Alternext market of Euronext Paris via direct listing on 2nd November 2006.
Mnemonic: ALABF / ISIN Code: FR0010385690
|AB Fenêtres Groupe
Chairman & CEO
Sébastien Berret / Agnès Gilbert
+33 (0)153 67 36 36
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free
|AB FENETRES||Euronext Paris||0.30||0.00%||0|