While some of the industry languishes in the doldrums, Kommerling have built upon their impressive results in 2011 with a great set of results for the first half of 2012. Sales were up an impressive 30% on the previous year and the company has added 12 new fabricators to its expanding nationwide network in the first half of the year, with several more in the pipeline.
While relatively new customers from 2011 such as Climatec Windows, Dekko Window systems and Tradelink Direct have added much to the success, so to have the long-term existing customers such as Alexander Windows, Affordable Window Systems, CWG Choices, HWL Trade Frames and Flair Plastic Products. These quality led fabricators have been boosted with the 5 chambered C70 and O70 Gold systems, alongside the specialist the KBE 88mm system, lift and slide PremiDor and the PremiLine patio door.
This year has also seen a change in ownership with Frankfurt-based Hidden Peak Capital purchasing the shares from Arcapita Bank BSC of Bahrain.
The new owners have already put into place a further investment programme of 130 million euros for the next 3 years as part of a long-term growth strategy across Europe.
Hidden Peak Capital is a private German investment company run by its owner and makes long term investments in enterprises that they believe have considerable potential, as their name suggests. This owner led investment is in stark contrast to typical private equity based investment companies that often seek short-term returns, often at the expense of the long-term gains.
Robert Thiroff, Managing Director of Profine Uk comments “We’ve had a highly impressive first half of 2012 and i fully expect this trend to continue as we invest further in the UK market. The long term prospects for us and our customers look very bright indeed, with further new developments in the pipeline.”
For more information on Kommerling please visit www.kommerling.co.uk