Hunter Douglas N.V. is a Dutch

multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...

. Its principal business is making

window blind A window blind is a type of window covering. There are many different kinds of window blinds which use a variety of control systems. A typical window blind is made up of several long horizontal or vertical slats of various types of hard mate ...

s and coverings. The company is

publicly listed A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (li ...

. The head office is in

Rotterdam Rotterdam ( , ; ; ) is the second-largest List of cities in the Netherlands by province, city in the Netherlands after the national capital of Amsterdam. It is in the Provinces of the Netherlands, province of South Holland, part of the North S ...

, the Netherlands, and a management office in

Lucerne Lucerne ( ) or Luzern ()Other languages: ; ; ; . is a city in central Switzerland, in the Languages of Switzerland, German-speaking portion of the country. Lucerne is the capital of the canton of Lucerne and part of the Lucerne (district), di ...

, Switzerland.

Structure

The current corporate structure, Hunter Douglas N.V., was formed in the

Netherlands Antilles The Netherlands Antilles (, ; ), also known as the Dutch Antilles, was a constituent Caribbean country of the Kingdom of the Netherlands consisting of the islands of Saba (island), Saba, Sint Eustatius, and Sint Maarten in the Lesser Antilles, ...

in 1971 as a result of a restructuring of the previous Canadian entity, Hunter Douglas Ltd. For tax reasons, investors could select either common or preferred shares through 1990. The company operates in more than 100 countries. In February 2022, former CEO Ralph Sonnenberg transferred a 75% interest to 3G Capital through a Block Trade, the Sonnenberg Family now owns 25% of Hunter Douglas Group.

Acquisitions

In 2013, Hunter Douglas purchased a minority stake in 247 Home Furnishings Ltd (247), which they did not make known to the Competitions and Markets Authority (CMA). At a later date in 2016, Hunter Douglas purchased a majority share in Blinds2Go which is by far the largest UK retailer of made-to-measure blinds. Following that, Hunter Douglas made a second acquisition of Hillarys Blinds in 2017. At this point, Hunter Douglas already owned a significant share of the market before purchasing a majority stake of 51% for 247 in 2019. The initial purchase in 2013 had not been cleared with the CMA and the second purchase would have given Hunter Douglas 100% ownership of 247. As a result of concerns around competition in the market, Hunter Douglas was forced to sell their 51% purchase of shares from 2019. This sale was completed and approved by the CMA and went to Cristobal Consulting Ltd. In March 2022, Hunter Douglas completed the acquisition of 74% of Droma-Sunshade Experts, an exterior sunscreen assembler, with a fast-growing sales presence in

Western Europe Western Europe is the western region of Europe. The region's extent varies depending on context. The concept of "the West" appeared in Europe in juxtaposition to "the East" and originally applied to the Western half of the ancient Mediterranean ...

. In October 2023, Hunter Douglas fully acquired Select Blinds- a leading US e-commerce blinds retailer.

References

External links

* {{Authority control Window manufacturers Manufacturing companies based in Rotterdam Companies listed on Euronext Amsterdam Dutch brands 2022 mergers and acquisitions

Structure

Acquisitions

See also

References

External links