HERIGE Group today announced the closing of the acquisition disclosed on 26 July 2022 of MGT Menuiseries Bois, specialized in the manufacturing of high-end doors and windows made entirely of wood.
The entire perimeter employs 45 people and generates full-year turnover of approximately €7 million. It will be consolidated in the Group's accounts as of 9 September 2022 within the Industrial Joinery division.
HERIGE is thus pursuing its strategy of profitable growth while reducing the impact of its activities on the environment.
Benoît Hennaut, Chairman of the Executive Board of HERIGE Group, said: “Through this acquisition, HERIGE significantly strengthens its industrial capacities, which will enable us to triple its production resources in the medium term on a thriving wood market in the context of building decarbonization, the implementation of the RE 2020 and strong sales of its AM-X products.”
NEXT PUBLICATION: H1 2022 results on 13 September 2022 (after the close of trading)
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