EQS-Adhoc: Arbonia sells windows business and strengthens remaining divisions
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EQS Group-Ad-hoc: Arbonia AG / Key word(s): Disposal Arbon, 5 January 2021 - Arbonia has decided to accept an offer from the Danish DOVISTA Group to sell its window business. The proceeds of the sale are to be used to strategically further develop the remaining divisions of Arbonia and to substantially strengthen them both organically and through acquisitions. In addition, the Board of Directors is considering capital measures. Arbonia has decided to withdraw from its windows business with the five companies Dobroplast, EgoKiefer, Slovaktual, Webcom and Wertbau in order to accept a correspondingly attractive offer from a strategic buyer. The buyer is the Danish DOVISTA Group, which belongs to the Danish VKR Holding. The DOVISTA Group develops, produces and sells windows and exterior doors, primarily for the Scandinavian and North European markets and is a leading window supplier in Scandinavia, with strong positions in the UK and Ireland. Its production plants are located in Denmark, Lithuania, Norway, Poland and Sweden. Contact End of ad hoc announcement |
Language: | English |
Company: | Arbonia AG |
Amriswilerstrasse 50 | |
9320 Arbon | |
Switzerland | |
Phone: | +41 71 447 41 41 |
E-mail: | [email protected] |
Internet: | www.arbonia.com |
ISIN: | CH0110240600 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1158421 |
End of Announcement | EQS Group News Service |
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1158421 05-Jan-2021 CET/CEST
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