CRH eyes Belgian buildings accessories business

CRH eyes Belgian buildings accessories business
Published: 12 December 2005

CRH is in final negotiations to acquire the family controlled Winsol, the Belgian market leader in PVC and aluminium windows and doors, roller blinds and awnings, both domestic and commercial.  The company, which started as a joinery business in 1876, also makes other products such as garage doors and internal partitioning.  An agreement has already been reached with CRH on the price and the deal is expected to be completed within the next two months. Winsol has four assembly plants in Belgium and another four in France as well as one each in England and in Ireland and employs around 600 people.  Last year, Winsol made a trading profit of €5.5m on a turnover of €77.2m. CRH was chosen as it offered the best prospects for Winsol to continue to grow and the current management is expected remain in place once the transaction is completed.  The Irish multi-national’s existing business in Belgium is primarily involved in concrete and walling products.