Aalberts N.V.: Aalberts executes divestment programme to further optimise portfolio
05 Luglio 2021 - 7:30AM
Aalberts N.V.: Aalberts executes divestment programme to further
optimise portfolio
Utrecht, 5 July 2021
Aalberts N.V. has reached an agreement to divest 100% of the
shares of Lasco Fittings, Inc. (Lasco), based in Brownsville
(Tennessee, USA), generating an annual revenue of approximately USD
150 million with 575 FTE and Adex B.V. (Adex), based in the
Netherlands, generating an annual revenue of approximately EUR 10
million with 50 FTE.
Both companies are part of the divestment programme of the
updated Aalberts strategy ‘focused acceleration’ 2018-2022, as
presented during our Capital Markets Day in December 2019.
To build an even stronger and better Aalberts we focus on
businesses where we have a compelling competitive advantage and
where we can strengthen our market positions, realising our
strategic objectives. We allocate our capital in the most efficient
way to generate the highest returns.
The business plans of our Aalberts business teams are generating
an increased capital expenditure demand to facilitate growth,
innovations and further bolt-on acquisitions.
Lasco and Adex are becoming part of new strategic ownerships,
fully active in their core businesses. We would like to thank all
employees of Lasco and Adex for their loyalty and tremendous
efforts during their Aalberts ownership years.
The results of Adex will be deconsolidated as of 30 June 2021,
for Lasco after finalising all necessary formalities.
contact +31 (0)30 3079 301 (from 8:00 am
CEST)investors@aalberts.com
Grafico Azioni Aalberts NV (EU:AALB)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Aalberts NV (EU:AALB)
Storico
Da Gen 2024 a Gen 2025