Inwido acquisition of CWG Choices in the UK completed
August 1, 2016
This information is information that Inwido AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at Monday 1 August, 2016 at 8:45 a.m.
Inwido, Europe’s largest supplier of windows and doors, has as communicated in a press release on July 15, 2016 now completed the acquisition of the British window and door company CWG Choices.
CWG Choices is a leading manufacturer of double and triple glazed PVCu windows and doors covering the Midlands and South of England. In the UK PVCu windows represent 80 percent of total market sales.
Inwido acquires 100 percent of the shares in CWG Choices for GBP 11.6 million on a cash- and debt-free basis. With this acquisition Inwido complements the product offerings of Allan Bros. and Jack Brunsdon & Son by entering the market of PVCu windows and doors.
The company has some 180 employees and generated sales of GBP 23 million in 2015.
Read the pressrelease in the pdf attached
