Bufab has acquired all outstanding shares in the Polish company CDA Polska Sp. z o.o. Sp.k. (“CDA”), with annual sales of PLN 42 million.
CDA is a leading C-parts trading company specified towards toughened glass and products and solutions for glass in the Polish construction and residential sector. It is headquartered in Wroclaw, Poland. The company was founded in 2003 by Mr. Włodzimierz Bandelak (former co-owner) & Mr. Giuseppe Gangemi (currently sole owner & acting President at CDA). Over the years, CDA has become a leading C-parts trading company within bathroom fittings, interior fit-out hardware, sliding systems etc. towards the Polish construction and residential sector. CDA has over 2000 active customers and an annual sale of PLN 42 million (SEK 93 million).
“We are continuing our growth journey, I am glad that CDA is joining the Bufab Group, they will strengthen our offering and improve business diversification by expanding to an interesting new market niche. CDA’s market position within C-parts to the construction and residential sector fits well into Bufab. The acquisition of CDA is contributing to growth in Segment East, and we are happy to welcome new colleagues to our team,” says Jaroslaw Bazeli, Director Business Unit Eastern Europe.
"We´re looking forward to joining the Bufab Group as it gives us new opportunities to reach other markets outside Poland, grow with new customers and strengthen our operations. It will be business as usual, but now with all the benefits of being part of a larger group with many sister companies. I am looking forward to continuing as CEO of CDA, and together with the whole CDA team I look forward to the cooperation with Bufab,” says Giuseppe Gangemi, President at CDA.
The acquisition is scheduled to close and take effect today and will be reported within Bufab's Segment East.
For further information, please contact:
Marcus Söderberg, CFO, telephone: +46 370 69 69 66
Jaroslaw Bazeli, Director Business Unit East, telephone: +48 58 340 25 85
Bufab AB (publ), Corporate Registration Number 556685-6240, is a trading company that offers its customers a full-service solution as Supply Chain Partner for sourcing, quality control and logistics for C-Parts (screws, nuts, etc.). Bufab’s Global Parts ProductivityTM customer offering aims to improve productivity in the customers’ value chain for C-Parts.
Bufab was founded in 1977 in Småland and is an international company with operations in 28 countries. The head office is located in Värnamo, Sweden, and Bufab has about 1,750 employees. Bufab’s net sales for the past 12 months amounted to SEK 6,5 billion and the operating margin was 11.8 percent. The Bufab share is listed on Nasdaq Stockholm, under the ticker “BUFAB.”
Please visit www.bufab.com for more information.