Corbett Keeling and CatCap, both members of the international mergers and acquisitions network Globalscope, are pleased to announce that their client Hörmann International Beteiligungs GmbH, has acquired IG Doors Limited from NVM Private Equity. The deal was completed on 6 June 2013.
The Hörmann Group, a family-owned German manufacturer of residential and industrial doors has acquired IG Doors, a manufacturer of steel and composite external doors for the housebuilding industry, from NVM Private Equity. The acquisition of IG Doors will help Hörmann to strengthen its presence in the UK market and in turn help IG Doors to develop new market opportunities.
IG Doors has been supplying an extensive range of high performance steel and glass reinforced polymer external door sets from its manufacturing facility in Cwmbran, South Wales for over 30 years. The company employs 181 staff and is now one of largest manufacturers of composite door sets in the UK with a strong position in the new-build residential market and an ever increasing presence in social housing development.
For more information and media enquiries, contact:
Simon Keeling on +44 (0)20 7626 6266
Michael Moritz on +49 40 300 836 0, michael.moritz@catcap.de, or visit www.catcap.com
