Mutares SE & Co. KGaA $MUX (+2.01%) has successfully completed the acquisition of the European business of Kawneer ("Kawneer EU").
The transaction strengthens Mutares' Engineering & Technology segment as a new platform acquisition.
Kawneer EU is a leading developer, manufacturer, supplier and distributor of aluminum window and façade systems and operates through three country-based business units in the Netherlands, France and the UK, each with high market penetration and long-standing customer relationships.
The company employs over 400 people and with over 450 customers and four highly efficient production facilities, the platform offers comprehensive solutions for building envelopes, including windows, doors, sliding doors, curtain walls and frame systems for residential and non-residential construction, making it a one-stop store for customers.
