Acquisition of GEALAN by VEKA Group completed

Date: 15 July 2014
Source: VEKA Group
The Worldwide VEKA Group has announced today that the acquisition of German competitor GEALAN Holding GmbH has finally been completed.

All European Monopolies and Mergers authorities involved in this process have approved of the takeover.  

By acquiring its competitor GEALAN – a company that is established and well-known on the European market for many years and one that has recently been implementing a differentiation strategy – the VEKA Group is strengthening its competitive position in Germany, Europe, and the World.

The family-owned VEKA Group is one of the world’s leading producers of PVC-U profile systems for windows, doors and roller shutters. The Group employs more than 3,600 people at 25 subsidiaries on three continents around the world. 1,300 of them work at the company’s headquarters in Sendenhorst. The VEKA Group generated €793 million in turnover in 2013. Internationally, more than 2,200 specialised companies use VEKA systems to create top-quality PVC-U structural elements. With its takeover of GEALAN Holding GmbH from financial investor Halder, the Group will be increasing its staff once again, by 1,150 employees, and its total annual turnover will reach more than €1 billion.

Whilst the acquisition of GEALAN will not impact directly on The VEKA UK Group – it will continue to be business as usual in the UK – it is positive news for VEKA and Halo fabricators as it reinforces our Group’s stability and vision for long term investment. We believe this is fantastic news for customers of The VEKA UK Group and indeed VEKA users Worldwide, as there is now one clear choice for fabricators and installers wishing to partner with a secure, stable profile manufacturer.

600450 Acquisition of GEALAN by VEKA Group completed
Date: 15 July 2014
Source: VEKA Group

See more news about:

Others also read

New Business to Support Company's Growing Presence in East and Central African Markets - H.B. Fuller Company (NYSE: FUL) announced today that it has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa.
"Opportunity in the Indian Glass Market - 2014 : Market size, Market share, Market landscape, Market trend analysis, Growth drivers, Future opportunity, Future forecast" provides an insight into the Indian Glass current market scenario, structure and practices.
Coinciding with the fulfillment of the ARTESUN project´s first year (November), the third Project Meeting took place at Corning headquarters in Avon, France    Funded by the European Comission through its Seventh Framework Programme, ARTESUN Project aims to develop organic photovoltaic solar cells (OPV) through the implementation of three full-scale prototypes.
For overview analysis, the report introduces Fire Glass basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc   Browse Full Report With TOC @ international and China market analysis, the report analyzes Fire Glass markets in China and other countries or regions (such as US, Europe, Japan, etc) by presenting research on global products of different types and applications developments and trends of market, technology, and competitive landscape, and leading suppliers and countries’ 2009-2014 capacity, production, cost, price, profit, production value, and gross margin.
Dubai Investments (DI) CEO Khalid Bin Kalban has revealed that the Company seeks to examine several expansion opportunities in 2015.
This report was created for strategic planners, international executives and import/export managers who are concerned with the market for nonwired glass sheets of float glass and surface ground or polished glass.

Add new comment