Switzerland's AFG to buy Polish window maker

Richard Higgs

Published: November 15, 2012 6:00 am ET

Related to this story

Topics Construction, Mergers & Acquisitions, Pipe/Profile/Tubing

ARBON, SWITZERLAND (Nov. 15, 10:15 a.m. ET) — Swiss construction materials group AFG Arbonia-Forster-Holding AG has agreed to acquire Poland’s leading PVC window producer Dobroplast for an undisclosed sum.

The takeover, still awaiting approval of Poland’s competition authorities, will open up valuable new markets in Eastern Europe to AFG and make the Swiss group Europe’s third ranked window and door manufacturer. Completion of the deal is due in January 2013.

Dobroplast of Zambrów in eastern Poland operates two plants producing PVC windows, roof skylight windows, exterior doors, aluminum windows and casings for blinds. The firm, which employs almost 1,200, recorded sales of 75 million euros ($95 million) in 2011.

It was in August this year that Dobroplast opened its second plant in Lublin, Poland where it manufactures skylight windows and has an aluminum fabrication operation.

Dobroplast was founded in 2000 by a Polish couple Renata Kaczynska and Pawel Kaczynski, who will continue to run the company with an AFG team “for the foreseeable future,” the Swiss buyer stated. The couple said they were very satisfied they could “hand over our life’s work to AFG.”

The purchase is in line with Arbon-based AFG’s “go-east” strategy, explained the group’s CEO Daniel Frutig. “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.

“The combination of the production locations, brands and distribution channels enables us to continue to expand our position in the most important European markets,” he said.

The acquisition will increase the sales of AFG’s windows and doors division by 20 percent to around 415 million euros ($530 million) and the international business share will rise by about 25 percent. Division brands include EgoKiefer, Slovaktual and RWD Schlatter.


Comments

Switzerland's AFG to buy Polish window maker

Richard Higgs

Published: November 15, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

RJG buys UK training group G&A

September 30, 2014 11:10 am ET

G&A Moulding Technology Ltd., a United Kingdom-based training and consultancy group, has been bought by RJG Inc., the U.S.-based training business.    More

Image

EEOC suing movable wall maker Hufcor

September 29, 2014 3:09 pm ET

Movable wall and partition maker Hufcor Inc. is facing a federal lawsuit from the U.S. Equal Employment Opportunity Commission after violating...    More

Image

Clariant extends reach into Asia with acquisition

September 29, 2014 9:54 am ET

Clariant International Ltd. is buying VitaPac (HK) Industrial Ltd., a Hong Kong-based company which produces desiccant packets for the healthcare...    More

Image

Nypro Healthcare continues to grow following Jabil acquisition

September 26, 2014 1:59 pm ET

Nypro Healthcare's newest medical device manufacturing facility offers 200,000 square feet of carefully configured Class 8 clean room molding and...    More

Image

England's Essentra buying Abric Berhad

September 26, 2014 11:31 am ET

Packaging firm Essentra plc has announced the planned acquisition of Abric Berhad, a Kuala Lumpur-based manufacturer of security sealing products.    More

Market Reports

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events