Carlsquare advises Hörmann, Europe’s market leader for doors and gates, on the acquisition of IG Doors, a British manufacturer of doorsets
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.