Profin is a family business with its roots in Northern Finland. The company combine traditional craftsmanship and modern technology to create highly qualitative products that are designed to withstand the harsh climate of the north: high-quality sliding doors, windows, and doors.
Over the past decade, Profin has become synonymous with high-quality sliding doors and is the market leader in this segment in Finland. In addition to its home market Finland, Profin also exports to several other EU countries, Japan and Russia.
“Profin complements our Finnish brands very well with a more premium position on the market. A key opportunity has been discovered in the fast growing luxury segment dominated by panorama window sizes and sliding doors currently only operated in Finland by Inwido’s existing brand Klas1 and Profin” says Håkan Jeppsson, President and CEO at Inwido.
“From the beginning, our aim has been to manufacture high-quality windows and doors that last for decades, or even centuries – the entire life span of the building. After 40 years as a family business we look forward to become part of the Inwido family and Europe´s largest window supplier,” says Mikko Haapala Managing Director Profin.
The purchase price is in line with Inwido’s regular multiples. The final purchase price is contingent on Profin reaching certain financial milestones in 2018. The acquisition is financed by available credit facilities.