Wetter (Ruhr), 21 February 2012
BURG-WÄCHTER Group, Wetter (Ruhr), has acquired 100 per cent of the shares in BALSA S.à.r.l. and SODIJEG S.à.r.l. (www.mercure-balsa.fr), Pont-sur-Sambre (France), from the former shareholders. The terms of the transaction were not disclosed.
BURG-WÄCHTER Group, Wetter (Ruhr), is a family run corporation with a heritage of over 90 years. The company is an internationally renowned manufacturer of letter boxes, electronic and mechanical locks, door and window security, safes and cash boxes. BURG-WÄCHTER develops its products exclusively in Germany and maintains production facilities in Germany, Eastern Europe and China. The Group sells its products worldwide via DIY, locksmiths and specialised hardware stores.
The acquired BALSA Group consists of BALSA S.à.r.l. and SODIJEG S.à.r.l., Pont-sur-Sambre (France) and is a national leader in the manufacturing of free-standing letter boxes and letter box systems made of metal and wood. Free-standing letter boxes are mainly sold to private customers via DIY chains; letter box systems are distributed to the building and building services industries. Its products are well known under the “BALSA” and “MERCURE” brand names. The long standing managing director, Jérôme Galpin, will continue to lead BALSA Group.
This acquisition makes BURG-WÄCHTER to a leading supplier of letter boxes and letter box systems in France.
Mummert & Company, an independent Corporate Finance Advisor from Munich, has exclusively advised BURG-WÄCHTER in the acquisition of BALSA S.à.r.l. and SODIJEG S.à.r.l.
Short Profile BURG-WÄCHTER KG
BURG-WÄCHTER is an internationally leading manufacturer of letter boxes and security products. The renowned BURG-WÄCHTER brand is recognised by customers wordwide for high quality products “Made in Germany”. www.burg-wächter.com
Short Profile Balsa S.à.r.l. and Sodijeg S.à.r.l.
BALSA Group is a national leader in the manufacture of letter boxes and letter box systems in France. BALSA Group is a long-standing supplier of products under the renowned brand names “BALSA” to DIY stores and “MERCURE” to the building and building services industries. www.mercure-balsa.fr