Hunter Douglas, the world market leader in window coverings and a major manufacturer of architectural products, has agreed to acquire 70% of Akant, a leading Polish supplier of custom window coverings.
Akant, based in Koszalin, had 2017 sales of Euro 14.0 million and employs 230 people. The company will continue to operate independently, under present management.
The acquisition will strengthen the position of Hunter Douglas in the specialty retail segment of the Polish market.
Hunter Douglas is the world market leader in window coverings (Luxaflex®) and a major manufacturer of architectural products with its Head Office in Rotterdam, the Netherlands, and a Management Office in Lucerne, Switzerland. The Group is comprised of 131 companies with 50 manufacturing and 81 assembly operations in more than 100 countries. Hunter Douglas employs about 22,750 people and had sales in 2017 of USD 3.2 billion.