Halder has sold its majority in Alukon to trade player Hormann Group. No financial details have been disclosed.
Specialising
in door and blind manufacturing, Alukon had a turnover of almost €73m
last year. Halder bought the 375-strong company from Axa Private Equity
in October 2007. Axa had control of Alukon for just three years, driving
revenues from €59m to €71m over that period. The firm stated that while
Alukon increased sales and marketing in Germany, the Eastern European
market had not recovered from the 2008 recession as expected.
The
sale is the last from the Halder-GIMV fund, a 2001 joint effort with
its parent company. The firm has so far made four investments from its
€325m Halder-GIMV Germany II fund, launched in 2008.
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