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2021-12-13

Indutrade AB: Indutrade acquires British manufacturer of steel reinforcement profiles to uPVC windows and doors

Indutrade has on 10 December 2021 signed an agreement to acquire all of the shares in the British company NW Metal Sections Ltd, nwmetalsections.co.uk, with annual sales of approximately GBP 21 million (SEK 245 million). The agreement was signed after the market closed.

NW Metal Sections is a leading manufacturer of steel reinforcing sections for the uPVC (Unplasticized Polyvinyl Chloride) window and door market in the U.K.. The uPVC windows are the dominant type of windows sold in the U.K. market. The steel reinforcements are supplied in a wide range of standard and bespoke profiles, to fit all uPVC window and door systems. With a highly flexible production setup and vast technical expertise, the company has been manufacturing high quality sectional profiles for more than 10 years. Customers are predominantly U.K. based System Houses, as well as local and national uPVC windows and doors fabricators. NW Metal Sections has 90 employees and modern production facilities in Skelmersdale (greater Manchester region), United Kingdom.

"NW Metal Sections is one of the U.K.'s premier companies within the fenestration niche. Their innovative culture, combined with their engineering know how and close relationship with the customer, makes them a perfect fit with the Indutrade Group. We see interesting organic growth opportunities as the demand for highly energy-efficient uPVC windows are increasing, driven by both a strong market for new build houses and the replacement market. In addition, they are entering new expanding segments including profiles for solar energy applications," says Bo Annvik, President and CEO of Indutrade.

The closing took place on 10 December and NW Metal Sections will be included in Indutrade's Business Area UK. The acquisition is Indutrade's 17[th] in 2021 and is expected to have a marginally positive impact on Indutrade's earnings per share.

Stockholm, 13 December 2021
INDUTRADE AB (publ)

For further information, please contact:
Bo Annvik, President and CEO
Phone: +46 8 703 03 00

Författare Cision