Inwido buys CWG
2nd August 2016

Corby-based PVC-U and aluminium fabricator CWG Choices Limited has been bought by Inwido for £11.6million cash, the second UK acquisition by the Swedish-based company in a year.

Inwido has operations in Denmark, Finland, Norway, Sweden, Austria, Estonia, Ireland, Lithuania and Poland as well as the UK. The company has around 3,400 employees and last year generated sales of £405million with an operating profit of £45.7million. It is said to be the largest supplier of windows and doors in Europe and one of the biggest timber window suppliers in the UK.

The acquisition is Inwido’s second in the UK in under a year. Last year, it bought premium timber window and door company Jack Brunsdon & Son, adding to its existing UK portfolio of Allan Bros of Berwick-upon-Tweed and the Hajom, SnackarPer and Pro-Tec brands, as well as Carlson in the RoI.

Jason Wilder, CWG Choices Managing Director said: “Inwido have taken the lead in the European windows and doors market and the acquisition of CWG Choices will further strengthen their position in the UK.

Stephen Orriss, corporate finance partner at RSM Corporate Finance, which advised CWG, said: “This sale provides a good deal for all parties, it strengthens Inwido’s position in the UK market, and gives the company an exciting platform on which to pursue its future growth.”

Gary Smith of Dentons LLP added: “Having acted for CWG Choices and its shareholders for the past 12 years I am very pleased to have been able to help the management realise the efforts of their hard work over this period. This transaction is the right deal at the right time for management and the business generally and under the continued stewardship of the existing management and the new owner, Inwido, I am confident that CWG Choices will continue to go from strength to strength.”