Ratos's subsidiary Inwido is acquiring one of Poland's largest window and door manufacturers, Sokolka. This acquisition creates a platform for increased exports and will establish Inwido in the growing Polish market.
Inwido is the Nordic region's leading window and door manufacturer with strong market positions in Sweden, Denmark, Norway and Finland. 2005 sales totalled SEK 2,197m (1,235) and operating profit (EBITA) reached SEK 282m (135).
With the acquisition of Sokolka, the group is taking a first step into the Polish window and door market. Sokolka, with annual sales of almost SEK 200m and 540 employees, is one of Poland's leading manufacturers of wooden windows. In addition to this production, Sokolka also produces aluminium and PVC windows, outer and inner doors. Exports account for 20% of the company's sales with the UK as the largest export market.
The company has had weak profitability in recent years - something Sokolka's management will improve in co-operation with Inwido.
- Ratos Senior Investment Manager Leif Johansson comments: "The acquisition of Sokolka will provide Inwido with important production capacity for the group's continued focus on exports to the British market. At the same time, this will provide an important establishment in the Polish market where Sokolka is one of the leading brands."
Ratos's holding in Inwido amounts to 95%. Ratos is not providing any capital in conjunction with today's acquisition.
For further information, please contact:
Leif Johansson, Senior Investment Manager Ratos, +46 705 20 40 25
Sven-Gunnar Schough, CEO Inwido, +46 706 02 34 78
Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 703 99 62 39