Locks and Security News: your weekly locks and security industry newsletter
16th October 2019 Issue no. 479
Your industry news - first
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New Roto acquisition
Roto Frank AG started 2016 with a second strategic investment within a short space of time.
After the construction supplier reported the acquisition of the sealing profile specialist Deventer in October 2015, it can now also announce the takeover of the industrial division of the Danish manufacturer Peder Nielsen.
The company, established in 1877, which is headquartered in Bronderslev, northern Jutland, is a renowned, leading supplier of hardware systems for outward opening windows and doors, which can predominantly be found in Scandinavia and Great Britain.
The acquisition allows Roto to close a key product gap in precisely these markets to sustainably strengthen its position, highlights Dr Eckhard Keill. According to the Chairman of the Board of Directors, Roto is now also the only Central European company in the industry that can boast a complete window and door technology portfolio for Scandinavia.
The acquisition took place as part of an asset deal. For example, this extends to machines, systems, the brand and the customer relationships. It also included the entire product portfolio for the "Top/Slide Swing" and "Top/Slide Hung" opening types. According to Keill, the new investment aligns "seamlessly with the long-term concept of increasing our international growth opportunities through targeted acquisitions whenever this is strategically appropriate and economically prudent."
13th January 2016