Arbonia acquires Spanish Dimoldura and Czech Lignis

17 May 2024 12:02

St.GallenBodenseeSEC

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Arbon/Quintanar de la Orden/Koryčany - The building components supplier Arbonia is acquiring the Spanish door manufacturer Dimoldura. The company from the canton of Thurgau is also taking over Lignis, a Czech company specializing in the contractor services sector.

The building components supplier Arbonia wants to consolidate the European competitive landscape in the interior and special doors sector, according to a statement. To pursue this goal, the company from Arbon in the canton of Thurgau has acquired the Spanish company Dimoldura, a market leader for interior doors in south-west Europe. It has also acquired the Czech company Lignis for special doors. The two takeovers will enable Arbonia to expand its market presence in southwest and eastern Europe as well as take a major step towards its ambition of market leadership in Europe, the statement writes.

“With the diversification of our end markets into Eastern and Southwest Europe, we are making a big step with Dimoldura and Lignis towards the development and execution of the strategy of Arbonia Doors: evolving from a primarily Central European into a market-leading, pan-European full-range supplier,” Claudio Moors, CEO of the Doors Division at Arbonia, is quoted as saying. 

Dimoldura, based in Quintanar de la Orden in the province of Toledo, generated a turnover of around 120 million euros in 2023, according to a company statement. Organic sales growth over the past three years has reached over 13 per cent per annum. The group has production plants in Spain, Portugal and France. 

The Czech company Lignis in Koryčany specializes in functional doors. Like Dimoldura, Lignis operates cost-efficient production. Lignis generated a turnover of around 14 million euros in 2023. Organic sales growth over the past three years has been over 25 per cent per annum.

Arbonia is taking over all activities of Dimoldura and Lignis, as well as the approximately 600 employees. The two acquisitions will be financed mainly by a bridging loan of 100 million euros and existing credit lines. ce/gba

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