INDUS Holding AG to step up acquisition activities in 2010 / Kick-off with complete takeover of door manufacturer OBUK
Bergisch Gladbach, January 14, 2010 - Following years of restraint due to high price levels, INDUS Holding AG intends to increasingly exploit acquisition opportunities once again in 2010. At the beginning of the year, INDUS has therefore taken over a further 25 %, and thus all of the remaining shares, in OBUK Haustürfül¬lungen GmbH & Co. KG in Oelde.
The previous co-partner, Günther Keutmeier, 57, has consequently left the management. His successor, Thomas Althaus, 42, managed a window manufacturing company in his previous role. INDUS acquired a 75 % stake in OBUK in 2006 already. Günther Keutmeier founded his company in 1980 and successfully expanded it over the past 30 years. He will continue to accompany OBUK in an advisory capacity. OBUK manufactures plastic and aluminum fillings for premium sector house doors. In spite of the economic crisis, OBUK managed to increase its sales and earnings in 2009, generating sales of more than Euro 20 million sales with its workforce of around 130 employees. Of total sales volumes, more than two thirds related to renovations and one third to new products. OBUK is among the market leaders in this segment.
“By taking over OBUK, we have acquired a thoroughly healthy company, one which is highly profitable even during the crisis. We are currently working on buying a further company before the end of the first quarter of 2010”, commented Helmut Ruwisch, Chairman of the Board of Management of INDUS Holding AG. The investment portfolio currently consists of 40 medium-sized companies.
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