Clearview National December 2015 - Issue 169 | Page 22

INDUSTRYNEWS

Roto acquire Deventer Group
»»Roto Frank AG is continuing
to drive the consistent expansion of its overall
window and door technology expertise with
the acquisition of the Deventer Group. The
global construction supplier, which turned
over more than €641 million in 2014,
reported that the takeover would take effect
from 1 January 2016.
Deventer is one of the leading specialists
in sealing profiles manufactured from TPE
(thermoplastic polymers) for windows, doors,

gates, frames and glazing. The investment
is of strategic importance as it ‘ideally
complements’ the current Roto portfolio.
The acquisition includes all the companies
of the decentralised Deventer Group,
explains Dr Eckhard Keill. According to the
chairman of the Roto Frank AG board of
directors, this includes the German company
in Berlin-Spandau as well as independent
companies in the Netherlands, Poland and
Russia.

The takeover of all the sealing profile
specialist’s companies is of particular strategic
importance because it ‘ideally complements’
the construction supplier’s current product
portfolio.
The parties have agreed not to disclose the
purchase price. As Keill emphasises, Roto does
not require any additional external funding to
finance the commitment. This reaffirms the
company’s economic strength.
Chief Financial Officer Michael Stangier
states: “The fact that we can realise important
acquisitions in such a phase is further concrete
evidenc Hو