Sotralu Group, supported by its majority shareholder Bridgepoint Development Capital, has acquired GNS Group in Portugal.
Sotralu Group is a pan-European manufacturer of fittings dedicated to aluminum carpentry. The group has two subsidiaries: Sotralu in France and Erreti in Italy. Following this acquisition, Sotralu Group will now generate sales of approximately US$40 million from three operational sites in France, Italy and Portugal.
Grupo GNS is a group of industrial companies with more than 50 years of experience, specialized in developing products and solutions for the aluminum accessories industry. The group offers innovative solutions adapted to its customers' needs around the world. Products include locks, hinges, titl-and-turn kits and accessories for windows and doors. Grupo GNS is based in Portugal had has 100 employees.
Oaklins' team in France assisted Sotralu Group and Bridgepoint Development Capital in identifying, contacting and negotiating the transaction with Grupo GNS.
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