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Schüco may acquire stake in Stemeseder, German competition watchdog says

( November 29, 2024, 14:33 GMT | Official Statement) -- MLex Summary: Building systems company Schüco has secured approval for its acquisition of a 49 percent stake in Austrian business GEST Holding, a company of owner-managed family business Stemeseder, the German antitrust authority said today. Stemeseder specializes in aluminum profiles for hybrid windows made of wood-aluminum, PVC aluminum and aluminum doors. Both companies are system suppliers for aluminum building systems. Despite Schüco's dominance on the nationwide market for aluminum building systems and on submarkets for window, door and façade systems, the office cleared the deal as it couldn't establish with sufficient certainty that the deal would boost the buyer's position. ...

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