Trowers & Hamlins has advised Hörmann International on its acquisition of the entire issued share capital of IG Doors Limited, a manufacturer of composite external doors for the housebuilding industry, from its management team and certain funds managed by NVM, a private equity house.
Hörmann International, a family-owned German manufacturer of residential and industrial doors, has an existing presence in the UK through its subsidiary Garadoor. Hörmann manufactures residential hinged and garage doors and operators along with a range of industrial doors and loading bay equipment for markets in Europe, North America and Asia at 16 highly-specialised factories. The acquisition of IG Doors will help Hörmann to strengthen its presence in the UK market and, in turn, help IG Doors to develop new market opportunities.
IG Doors has been supplying an extensive range of high performance steel and glass reinforced polymer (GRP) external doorsets from its manufacturing facility in Cwmbran, South Wales for over 30 years. The company is now the largest manufacturer of composite door sets in the UK.
Corporate partner Amir Hashemi and James Johnson advised on the deal.
http://www.trowers.com/news/releases/trowers-hamlins-advises-hoermann-i…