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Profine GmbH has a new owner

Post Time:May 11,2012Classify:Industry NewsView:162

Profine GmbH, one of the world’s leading manufacturers of PVC-U profiles for windows and doors, has a new owner. The Frankfurt company Hidden Peak Capital has bought up the shares of the former owner, Arcapita Bank BSC of Bahrain. The acquisi- tion is still being examined by the Competition Authorities. This German investment company is run by its owners and makes long term invest- ments above all in small and medium sized enterprises.

“Hidden Peak Capital decided to invest in the profine Group because its strong brands KBE, Kömmerling, and Trocal adopt a powerful position and can expect excellent growth on an appealing international market,” explained Dr Peter Mrosik, Managing Partner of Hidden Peak Capital. “The profine Group now has in Hidden Peak Capital a stable and strong partner at its side. We look forward to working together with our new owner,” remarked profine CEO Frank Pohl.

Corporate Communications:

Martin Schweppenhäuser Telefon +49 (0) 6331 / 56-18 04 Telefax +49 (0) 6331 / 56-15 15 martin.schweppenhaeuser@profine-group.com

About Profine:

Profine GmbH – International Profile Group – is a worldwide leading manufac- turer of PVC-U profiles for windows and doors and a renowned provider of shutter systems and PVC sheets. With its KBE, KÖMMERLING, and TROCAL brands, the Group has an excellent international standing at 28 sites in 21 countries. profine Group manufactures at production facilities in Germany, France, Italy, Spain, Russia, Ukraine, the USA and China. With its head office in Troisdorf, North Rhine-Westphalia, and a payroll of 3200, the Group re- corded a turnover of about €700m in 2011.

Source: http://www.glassonweb.com/news/index/15834/Author:

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