Initiative & Finance, Siparex and Societe Generale Capital Partenaires to acquire a majority stake in Briconord.

Investment firms Initiative & Finance, Siparex and Societe Generale Capital Partenaires agreed to acquire a majority stake in Briconord, a designer and manufacturer of wood-based, aluminum and plastic products for home improvement. This transaction also allows the exit of Amundi. Financial terms were not disclosed. “Siparex and Initiative & Finance have fully understood Briconord's DNA and its positioning in its markets. They have been able to constitute a solid common offer adapted to the realization of our development project," Christian Guillou, Briconord Chairman.