Axa Private Equity exits Gealan

The management and members of Gealan's advisory board will retain their shares.

The investor was attracted to the company because of its strong confidence in the management team as well as the company's future prospects and the newly launched products STV and IKD. Halder is planning to continue the growth of the company in the coming years.

Halder sold the company to Axa in 2004 for between €100 and 125m.

Oberkotzau-based Gealan was founded in 1920 and is a manufacturer and distributor of PVC window and door profiles. The company employs 1,200 people and has a turnover of €220m.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com

 

 

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