London Stock Exchange listed SIG Plc acquires Air Trade Centre International
The Netherlands, May 14th 2008
On April 29th, 2008 SIG Plc completed the acquisition of Air Trade Centre International.
Air Trade Centre International specialises in the supply of equipment and components for the Heating, Ventilation and Air Conditioning (HVAC) industry.
SIG plc is a leading specialist supplier of insulation, roofing, commercial interiors and specialist construction products in Europe, with existing activities in air handling and air treatment, notably in France. Since its establishment in 1994, the Dutch company Air Trade Centre International (with headquarters in Tholen, The Netherlands) has pursued a strategy of continuous development in existing and new European countries. In 2003 the turnover was 26 Million Euros, and increased to more than 64,5 Million Euros across 12 countries in 2007.
SIG recognises the developing importance of Air Trade Centre International in the European Air handling market, and has identified significant opportunities for further growth in Air Trade Centre International’s distinctive product portfolio and market approach.
The current management team of Air Trade Centre International, consisting of;
Mr Jan van Rij, Group Managing Director,
Mr Dany Gobert, Group Operational Director, and
Mr Ian Scholten, Group Financial Director fully support the acquisition and will continue to lead the further development of the company.
Both SIG and Air Trade Centre International are confident that this strategic operation with ambitious targets backed by the determination of the SIG board and the senior management team of Air Trade Centre International will result in an accelerated growth for the company.
For more information regarding this press release, please contact:
Jan van Rij, Group Managing Director of Air Trade Centre International
T: +31 (0)6 536 33 250 – E: email@example.com
Air Trade Centre International was established in 1994 and is of Dutch origin. The company is a leading European supplier of HVAC equipment and components for air handling (Heating, Ventilation and Air Conditioning, HVAC). In 2003 – 2004 an extensive reconstitution and changing of course was carried out to prepare the company for a far and efficient growth on the European market. During the last 4 years Air Trade Centre International experienced a turnover growth of approx. 25% per year.
At Air Trade Centre International more than 200 employees work internationally. Last year the turnover was 64,5 Million Euros. In each of the 11 European countries and Saudi Arabia where Air Trade Centre is established now, a complete range of more than 10.000 products will be available from stock. That is why we can deliver within 24 hours in our countries of operation. Recently, Air Trade Centre International launched a complete new web site (www.airtradecentre.com) in 11 languages and an e-shop in 8 languages.