Profine GmbH has a new owner

Date: 11 May 2012
Source: Profine GmbH

Date: 11 May 2012

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.
600450 Profine GmbH has a new owner glassonweb.com

See more news about:

Others also read

MORE...

Construction Employment Declined in Most States in November as Anxiety Over Fiscal Cliff Causes Contractors to Hold Off on Hiring
Hawaii and Texas Top List of 20 States and D.C. Adding Construction Jobs Since November 2011 as Delaware and New York Trail; Vermont and Louisiana Led 19 States with One-Month Gain, D.
Wicona Curtain Walling for Glasgow Velodrome
The Emirates Arena and Sir Chris Hoy Velodrome have just been completed, creating a new world class sporting landmark for Scotland.
The American Scenario in The Glass Industry
The United States is honoring its role, to the best of its ability, as the world's locomotive, although despite the positive performance of the real estate market, America seems to be recovering slower than expected.
Turkish glass producer to expand operations at home and abroad with the help of EBRD loans
The EBRD is providing loans worth €110 million to Turkish glass manufacturer Trakya Cam A.Ş. that will expand its product range at home and in Bulgaria and also establish a presence on the Russian market, setting new standards in energy efficiency.
SAGE Electrochromics, Inc. Files Patent Infringement Lawsuit in U.S. District Court Against View, Inc.
SAGE Electrochromics, Inc., a world leader in the development and manufacture of dynamic glass, located in Faribault, Minn., today announced it has filed a lawsuit in U.S.
Lucintel Identifies APAC as Growth Region for Global Automotive Glass Industry during 2012-2017
Irving, Texas (PRWEB) December 18, 2012 - The global automotive glass industry experienced good growth over the last five years and is expected to grow moderately with a CAGR of 3% over the next five years (2012-2017) to reach revenue of approximately US $17 billion in 2017.

Add new comment