Aliplast is a leading European supplier of aluminium systems and profiles for windows, doors, conservatories and curtain walls. Aliplast benefits from very strong market positions in Belgium, France, UK and in Poland where it serves mainly small and medium sized assemblers and installers.
The conservatory and profile market has been growing strongly in the past recent years throughout Europe, benefiting from the positive underlying drivers of the building industry and from the aluminium gaining market share against PvC.
Created in 1984, Aliplast has leveraged its experience in Belgium to grow in France, the United Kingdom and more recently in Poland by first acquiring a small local distribution platform and by then deploying its industrial know-how in extrusion as well as in the development of large ranges of products. Aliplast’s success in each country greatly lies in the control on a single site of all its industrial operations (design, extrusion, coating and profile distribution), thus providing an unrivalled level of service to its customers.
Aliplast intends to accelerate this strategy by entering new markets while still benefiting from the on-going substitution of aluminium for traditional materials.
Key financials:
In 2009, Aliplast generated revenues
of €242.6 million.
The group employs 1,200 people.
Management:
Johan Verstrepen joined Aliplast as CEO in 1997.
Sagard’s position:
Sagard acquired a majority stake in Aliplast in January 2007, along with Ergon Capital Partners and the management team.
Investment rationale:
Strong market growth fundamentals in all its key markets as a result of the building industry momentum and some long term structural specific factors (use of more environmentally friendly materials…).
A business model focused on high-quality customer service relying on exclusive and long term customer relationships.
The appropriate competitive positioning in order to pursue the consolidation of this still fragmented industry in Europe.