Announced
Completed
Financials
Sources
Tags
Acquisition
Majority
Private Equity
Completed
Friendly
Single Bidder
window manufacturer
Italy
Household Appliance
Private
Cross Border
Synopsis
Bridgepoint Development Capital-backed Sotralu Group, a designer and producer of accessories for aluminium doors and windows, completed the acquisition of FR Accessories, an Italian company specialising in the production of aluminium window and door accessories including brackets and cremone bolts, double handles, tilt and turn sashes, hinges and glazing beads. Financial terms were not disclosed. “The success of this external growth operation confirms the vision and ambition that Sotralu Group is pleased to share with Bridgepoint Development Capital. The experience and skills of our teams, oriented towards industrial excellence, provide an unrivalled asset to consolidate our market share in Europe and strengthen our expansion in international markets. The synergies between our products, brands and markets will facilitate the implementation of commercial and industrial synergies that will favour the development of our group," Eric Julien, Sotralu Group CEO.
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