Carlsquare advises Hörmann, Europe’s market leader for doors and gates, on the acquisition of IG Doors, a British manufacturer of doorsets
19 Jun 2013
Hamburg/Steinhagen, June 2013 — According to Hörmann, the acquisition of the door manufacturer IG Doors, headquartered in Cwmbran, South Wales, United Kingdom, took place on Thursday, 6 June 2013. In the British market, IG Doors is the leading supplier of composite entrance doorsets to both the new build and social sector markets. With 180 employees, the door manufacturer has an annual turnover of approx. £27 million. “IG Doors is an established and well respected brand in the
British market,” said Christoph Hörmann, partner of Hörmann. “With the combination of a strong brand such as IG Doors and a sales structure such as Hörmann’s which has gradually grown over the years, we would like to further expand our British market share in the door sector.” As before with German acquisitions, the company will continue to operate independently in the market in the future, maintaining its strategic direction. “We are relying on continuity and are delighted that the present managing director Mark Pulman together with Stewart Griffin as sales & marketing director and Anthony Thomas as finance & commercial Director will continue to head the company,” adds Christoph Hörmann.
Europe’s market leader for doors: The Hörmann Group is Europe’s leading supplier of doors. More than 15 million doors have been produced and delivered worldwide since its foundation in 1935. More than 6,000 employees in 26 specialised factories in Europe, North America and Asia develop and produce high-quality doors, hinged doors, frames and operators for use in private and commercial properties. The headquarters of the globally active Hörmann Group is located in the small town of Steinhagen, Germany. The still family-run company recently recorded an annual turnover of more than 1 billion euros.
Over 80 individual sales locations in more than 30 countries as well as hundreds of authorised dealers in about 35 additional countries ensure short distances for Hörmann customers around the globe.
About Carlsquare GmbH:
Carlsquare supports knowledge-based enterprises and their shareholders concerning the sale of shares and endowment with equity capital, the optimization of corporate portfolios and other strategic capital transactions at partner and enterprise level. Assistance is also provided to VC/private equity investors in the analysis of potential investments or during the divestment of their portfolio companies.
Carlsquare has been one of the top performers in the German corporate finance sector for transactions under € 50 million for a number of years. Carlsquare is part of the international Globalscope M&A Partner network with more than 25 partners worldwide.
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