Somfy in exclusive talks for the acquisition of Zurflüh-Feller

Established in 1920, Zurflüh-Feller is based in Autechaux-Roide (Doubs, France). The Company specialises in designing and manufacturing roller shutter components and accessories (winches, fasteners, reeling drums, cranks…). As a highly industriallyintegrated company, Zurflüh-Feller has total control on production and quality and holds a significant patent portfolio. Its customers are roller shutter manufacturers and distributors.

Zurflüh-Feller reported 2006 net sales of € 58 million, of which 6% were exports, primarily to Germany. The Company has experienced continuing growth since 1986 and has growth potential in new market segments and in export markets. Its workforce is of about 400 employees.

On 6 November 2007, Somfy signed an agreement regarding the acquisition in full of the share capital held by Marc Feller, sole shareholder and director of the Company.

Completion of the transaction is subject to usual conditions precedent.

Due to the specificities of Zurflüh-Feller’s organisation and business model, Somfy has already stated its intent to maintain its operating and commercial autonomy and to retain its management’s Autechaux-Roide head office, as well as its operating sites.

Somfy’s objective in this transaction is to accelerate Zurflüh-Feller’s expansion, especially internationally, by making the experience acquired by Somfy in that field available to the Company.
 

10 January 2008

Profile

Somfy is the world leader in motors and controls for openings and closures in residential and commercial buildings

Contacts

Somfy: Nicolas Duchemin – Tel: +33 (0)4 50 40 48 49
Shan: François-Xavier Dupont – Tel: +33 (0)1 44 50 58 74

The Societex practice advised Somfy in this transaction.
Societex: Christian Tachon – Tel: +33 (0)4 72 59 10 40

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