Groupe Stella has acquired Sofermi
Groupe Stella, a leading French producer of roller blinds, grilles and shutters, and gates, has acquired Sofermi. Financial details have not been disclosed.
Established in 1956, Groupe Stella has become one of the leading French players in the development and production of roller blinds, grilles and shutters, gates and sectional doors. The group consists of three companies: La Toulousaine, Profalux and Eveno. Stella has enjoyed sustained growth in terms of turnover and financial performance due to a controlled organic growth strategy bolstered by several strategic acquisitions. In 2007, the group acquired Profalux to become one of the leaders in the field of roller blinds, in the private and renovation markets. This was followed by the buy-back of Eveno in 2012, which provided Stella with a footprint in the field of roller blinds and sectional doors for use mainly in the industrial joinery and manufacturing markets. These two operations significantly benefited Stella, expanding its geographical position, product range and client base. In 2014, the group had a turnover of almost US$150 million and 10,000 clients, primarily comprising independent installation engineers and business networks. La Toulousaine and Profalux focus mainly on the renovation segment, whereas Eveno operates primarily within the construction segment. The group has 650 employees across three production sites in France.
Sofermi is an industrial manufacturer of roller shutters. Incorporated in 1994, the company is located near Toulouse, France, and generates over US$10 million turnover. Sofermi has developed a unique expertise, in close collaboration with major players in the industry and leading equipment manufacturers. Thanks to a modern, modular and reactive production tool, the company offers customized products to its customers.
Oaklins' team in France advised the buyer in this transaction.
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