Hunter Douglas Divests its Metal Trading Business
Hunter Douglas, the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products, has agreed to sell its Chicago based Metal Trading business to a Management Group under the leadership of its long-time President, George Ribet.
The business had 2018 sales of USD 640 million which were not consolidated with Hunter Douglas’ sales and has 35 employees. The business will be continued unchanged.
Terms were not disclosed.
About Hunter Douglas
Hunter Douglas has its Head Office in Rotterdam, the Netherlands, and a Management Office in Lucerne, Switzerland. The Group is comprised of 135 companies with 48 manufacturing and 87 assembly operations in more than 100 countries. Hunter Douglas employs about 24,000 people and had sales in 2018 of USD 3.6 billion.
The common shares of Hunter Douglas N.V. are traded on Amsterdam’s Euronext and the Frankfurter Börse.
Contact:
Leen Reijtenbagh – Chief Financial Officer – l.reijtenbagh@hdnv.nl – +31 10 486 9582
Source: Hunter Douglas N.V.
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