Mutares SE & Co. KGaA $MUX (+1,29%) has signed an agreement to acquire the European business of Kawneer ("Kawneer EU"), which will be spun off from Kawneer's US business.
The transaction strengthens Mutares' Engineering & Technology segment as a new platform acquisition and is expected to close in the fourth quarter of 2025, subject to antitrust approval.
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.
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 the residential market and commercial properties, making it a one-stop store for customers.
The company generates sales of around EUR 125 million and employs over 400 people.
Kawneer EU offers added value through its products and services along the entire value chain.
The company's brand is known for its quality, performance, energy efficiency and ease of installation, through which it has built up a loyal customer base.
Recent investments and market confidence have positioned Kawneer EU for growth and improved profitability.
With the acquisition, Mutares continues to support the transformation of Kawneer EU into a standalone European specialist through operational improvements, geographic expansion in Europe and product innovation.
The consolidated structure of the platform enables cost efficiencies and shared services across IT, procurement and finance, improving profitability and scalability.
Johannes Laumann, CIO of Mutares, comments: "This acquisition is a strategic step to further strengthen our focus on the construction sector in the Mutares Engineering & Technology segment. Kawneer is a perfect strategic fit with our existing portfolio companies Byldis and Smart Curtain Wall, which belongs to Kalzip. Together, these companies expand Mutares' technological capabilities and customer offering and create a competitive player in the European market for windows and glass façades. I am confident that through further operational improvement measures we can successfully increase profitability and market share while creating a solid foundation for sustainable growth."