BUVA is considered a building partner for the construction industry and is a market leader in the field of hardware and sills. Holonite is the producer of composite stone sills in the Netherlands.
The purpose of this acquisition is to strengthen BUVA's position in the market for lower sills and adjacent sectors. Due to the strength of both brands, BUVA and Holonite will continue to operate independently alongside each other.
In addition to strengthening the market position, there are several synergy benefits for BUVA and Holonite in the areas of production, purchasing, sales and product development.
The two entities combined have sales of €65 million and employ nearly 250 people.
Rien Wisse, BUVA general manager:
"An opportunity to partner with a company like Holonite that is so complementary to BUVA is exceptional. It is a great opportunity for us to provide more value for all our stakeholders than the companies individually. We are setting a stable foundation for the future with this."
Paul Konings, Holonite general manager:
"For Holonite, this cooperation is also good news; we see many synergy benefits. In addition, with a long-term focus, we can now continue to implement our plans."