DuoTherm Rolladen GmbH joins the Stella group. The buyout remains subject to the approval of the antitrust authorities in Germany.
DuoTherm GmbH is a major player in the development, manufacturing and sale of roller shutters and blinds in the German market.
In 2020, the Nettersheim-Zingsheim-based company will generate a turnover of around 27 million euros and it employs 135 people.
StellaGroup, which achieved a turnover of 460 million euros in 2019, has the ambition to become a European leader in closures and sun protection. The group now achieves more than half of its turnover outside France, in Germany, the Netherlands and Great Britain.
“I am delighted that DuoTherm is joining StellaGroup. Stella's industrial know-how and values will make us even more competitive, ”says André Barth, CEO of DuoTherm.
"We are pleased to welcome André Barth and his team to the Stella family. The objective is to continue the international development of StellaGroup by strengthening our presence in the closures market in Germany", declared Didier Simon, president of StellaGroup, and Frank Schädlich, Director of International Development.