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Belgian manufacturer Corialis has been acquired by Advent International from Sagard and Ergon. Terms of the transaction were not disclosed.
Corialis is a European aluminium profile manufacturer, supplying aluminium profile systems to small and medium-sized window, door and conservatory fabricators for both the new-build and renovation construction markets.
With 1,600 employees based in four major hubs (Belgium, France, Poland and the UK), the group has international reach distributing its products in over 20 countries. In the 12 months to September 2014, Corialis generated revenues of approximately €350 million (US$441.4 million). The business reported annual organic sales growth above 7 percent over the past decade.
Advent International plans to expand Corialis into other international markets.