Simonswerk acquires Colcom
Hardware supplier Simonswerk UK today announced that its parent group Simonswerk GmbH has acquired the EUR 27million sales Italian-based Colcom Group from the private equity company Wise Equity SGR for an undisclosed sum.
The Colcom Group employs a total of 135 and sales in more than 50 countries around the worldas well as several international distribution companies. The group includes the French company Sadev, which it acquired in 2017.
The move follows an earlier acquisition of a majority stake in Anselmi & C. S.r.l., a producer of concealed hinges for lightweight doors, and secures a further step in expanding the Simonswerk product portfolio.
Michael Meier, Managing Director of Simonswerk Germany said: “We are continuing the international expansion of Simonswerk. The products and the team of Colcom complement our extensive portfolio of hinges with regard to the segment of glass doors.”In addition, Sadev allows us to expand our product range to glass fittings for outdoor use on facades, parapets and balustrades.”