VM Matériaux has signed an agreement to acquire the Quartz aluminium and PVC fittings manufacturing business. This acquisition will be effective on 1st February next.
Quartz is a department of the Hydro Building Systems (HBS) company, a French
specialist in aluminium products for buildings (Technal, Wicona, Architectural
Systems), and subsidiary of Norwegian Norsk Hydro Group.
In 2006 Quartz made and sold 27,000 aluminium frames and sold 12,000 PVC frames, and has 93 employees for a full year turnover of 20 M¤.
Its main aluminium fittings factory is situated at Portet sur Garonne , in the outskirts of Toulouse . There is an additional factory in the Paris region.
The Quartz ranges are marketed to professional fittings and installation customers, and as supplies to some construction sites.
An operation that completes the group's industrial fittings activity
Atlantem Industries, the industrial fittings subsidiary of VM Matériaux,
is thus reinforcing its aluminium fittings manufacturing business with this
site that is added to that at Hillion, close to Saint Brieuc in Brittany.
Atlantem also manufactures PVC (Pontivy and Fougères in Brittany, Maizières in the Aube and wood (Cholet) fittings as well as entrance doors (Fougères) and industrial frames (St Georges de Montaigu in Vendée, Le Gua in Charente Maritime and, from the 1st January 2007, CIOB Moisan at Pleugriffet in Brittany).
Next press release: 2006 turnover, 12 February 2007.
About VM Matériaux
VM Matériaux works in the Building industry, centred on three areas of business:
- Building material trading (75% of turnover managed): distribution of materials for the building and public works sector, with a network of 82 specialised agencies, offering locally-based advice to industry professionals and DIY customers;
- the Concrete industry (15%): industrial pre-cast and ready-mix concrete;
- Industrial joinery (10%): a full range of fittings for outside use (PVC, aluminium or wooden windows, roller shutters, front doors) and industrial frames.
The Group was originally based in the Vendée region but is now multi-regional. It employs 2100 people and is developing its business over Western France and in the overseas departments.VM Matériaux is listed in the B compartment of Eurolist Paris.
Index: SBF 250, CAC Mid & Small 190
Codes: ISIN FR0000066540, Reuters VMMP.NT, Bloomberg VMM.FP, Mnemonic: VMMA
See all of our financial information at www.vm-materiaux.fr
Chairman of the board of directors
Financial and General Manager
Tel.: +33 (0)2 51 08 08 08
Tel.: + 33 (0)1 53 67 36 36
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