In a press release this morning, the company announced that it has acquired an entire stake in P&P Holdings Limited, an English company with approximately 85 million year old sales measured in Swedish kronor.
The acquisition should have taken place on Thursday.
PTPG, one of the UK’s leading players in the premium segment of wood windows and doors, was acquired by Berks in June last year.
“Completely in line with our strategy”
PTPG is now moving ahead with its expansion plans and acquires P&P, which sells, distributes and installs windows and doors in Surrey and south-west London.
– Acquisition of P&P fully complies with our strategy and strengthens our offer within the Timber Windows network. Peter Nilsson, Chairman and CEO of Bergs, said in a statement that PTPG has a long association with P&P and sees good potential for development in their core geographical area.
The companies have been working closely together for many years, where P&P Timber sells windows and doors under the name Windows, which is PTPG’s network of retail showrooms.
Access took place on January 13, 2022. The acquisition is expected to have a small impact on Perkin’s earnings per share.
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