Aalberts N.V.: Aalberts executes divestment programme to : v

Aalberts N.V.: Aalberts executes divestment programme to


 
Aalberts N.V. has reached an agreement to divest 100% of the shares of Lasco Fittings, Inc. (Lasco), based in Brownsville (Tennessee, USA), generating an annual revenue of approximately USD 150 million with 575 FTE and Adex B.V. (Adex), based in the Netherlands, generating an annual revenue of approximately EUR 10 million with 50 FTE.
Both companies are part of the divestment programme of the updated Aalberts strategy ‘focused acceleration’ 2018-2022, as presented during our Capital Markets Day in December 2019.
To build an even stronger and better Aalberts we focus on businesses where we have a compelling competitive advantage and where we can strengthen our market positions, realising our strategic objectives. We allocate our capital in the most efficient way to generate the highest returns.

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