H2 Equity Partners acquires Eurocell (September 11, 2013)
H2 Equity Partners ("H2") is pleased to announce that it has invested in Eurocell Ltd ("Eurocell")
Eurocell is the UK's leading manufacturer and distributor of PVC-u profiles and roofline products. Eurocell generates circa £ 150 million in sales and offers employment to over 900 FTE. Eurocell's main manufacturing sites and head-office are based in Alfreton, Derbyshire.
The company's Eurocell Profiles division is a leading manufacturer of PVC-u profiles for windows, doors and conservatories as well as roofline products. Eurocell Profiles supplies leading (window) fabricator customers throughout the UK, as well as the Building Plastics division of the group. Eurocell Building Plastics distributes roofline building product and associated products via a network of 124 branches throughout the UK and Ireland; it is the largest specialist building plastics distributor in the country and has grown significantly over recent years.
Eurocell turnover has grown significantly in recent years and the company performance has been resilient during the crisis. This growth is mainly the result of expansion of the distribution network and market share gain in both the profiles and building products markets.
H2 plans to build on Eurocell's strong position in the PVC-u profiles and building products market to take the company forward in the coming years. H2 and management will work together to expand the national network, continue to develop market leading products and to continue to provide its customers with a leading and professional partner.
About H2 Equity Partners
H2 Equity Partners is an independent private equity firm founded in 1991, active in the Benelux, Germany and the United Kingdom. H2 has built an exceptional record of acquiring and growing fundamentally attractive businesses that have a combination of operational, financial or strategic improvement opportunities at the time of investment. H2 currently manages a portfolio of 17 companies generating over € 2.5 billion in sales. Funds under management amount to ca. € 500 million.