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Caldwell Hardware acquires Archintex Architecturals Pvt Ltd.

Date: 28 March 2019
Source:
Tim Ferkin and Eric Mertz with the Archintex team following the acquisition
Photo source
Tim Ferkin and Eric Mertz with the Archintex team following the acquisition | Photo: www.caldwell.co.uk

Date: 28 March 2019

Fast-growing supplier Archintex has been acquired by one of the world鈥檚 leading hardware businesses.

130 year-old Caldwell recently formed Caldwell South-East Asia as part of an ambitious drive for growth in the region.

Archintex already supplies Caldwell鈥檚 Cotswold hardware to companies right across the country 鈥 and that made acquiring it a natural next step.

鈥淲e鈥檝e been working closely with the Archintex senior team for years now. They know our products, they know the market, and that鈥檚 why they鈥檙e the perfect partners for us as we seek to expand our presence in India. By combining their unmatched local knowledge with our global expertise, we鈥檙e confident we鈥檝e got a formula for rapid growth. Together, we want to bring an even wider range of products to Indian fenestration businesses, and further streamline the distribution of Cotswold hardware around the country.鈥

鈥 Tim Ferkin, Market Development Director

Caldwell has big plans for the region. Further investment will see it become a key technology hub helping the company develop partners across Asia.

鈥淲indow manufacturers all over the world have found success using Caldwell-branded products. Now, we鈥檙e delighted to be bringing more of them to one of the fastest-growing markets in the world. India is set to grow 7.3% this year and 7.5% the next 鈥 that鈥檚 faster than China. By 2050, it鈥檚 expected to overtake America as the second-biggest economic power on Earth. And most excitingly of all, much of that growth will come from construction. The government鈥檚 Housing for All initiative will see hundreds of thousands of homes built in the next few years. That鈥檚 a huge opportunity for Indian window and door manufacturers 鈥 and it鈥檚 our job to equip them with everything they need to take advantage of it.鈥

鈥 Eric Mertz, Caldwell CEO

Founded in Rochester, New York over 130 years ago, today Caldwell is a world-leading window hardware supplier. Its products, including those from its respected Cotswold brand, are used by major fenestration businesses all around the globe.

600450 Caldwell Hardware acquires Archintex Architecturals Pvt Ltd. 黑料专区

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