DUO Industries S.A.S. announces the sale of 100% of shares to WernerCo Holdings France SAS

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Mar 07, 2016, 09:00 ET

SCHAFFHAUSEN, Switzerland, March 7, 2016 /PRNewswire/ -- The shareholders of DUO Industries S.A.S. announced today that they have completed the sale of 100% of the shares in DUO Industries, the owner of the CDH Group of companies, to WernerCo Holdings France SAS. Terms of the acquisition were not disclosed.

Christophe Vinsonneau, CDH Group's CEO commented, "This deal results in CDH becoming a part of WernerCo, a leading global manufacturer and distributor of access and construction site products. CDH's product portfolio and customer base provides a strong platform for future growth in the EMEA markets."

WernerCo Chairman, William T. Allen, commented, "Centaure, Duarib and Haemmerlin brands are widely recognized in Europe, North Africa, Middle East and Russia. CDH's access product range and Haemmerlin's leading position in wheelbarrows fits well with WernerCo's strategic development in these markets. This acquisition is a key component of our worldwide growth strategy and will benefit our customers by allowing us to offer a single integrated portfolio of construction site and access products."

ABOUT WERNERCO: WernerCo is a privately owned, fully-integrated, international manufacturer and distributor of access products, fall protection equipment and jobsite truck and van storage equipment. WernerCo has manufacturing, warehousing, sales and distribution facilities in the United States, Australia, Canada, China, Mexico, Vietnam and the United Kingdom. WernerCo's international headquarters are in Schaffhausen, Switzerland and its US headquarters are in Greenville, Pennsylvania. For more information, visit www.wernerworldwide.com.

ABOUT CDH GROUP: CDH Group, together with its subsidiaries, is a major European manufacturer and distributor of access products and wheelbarrows. The CDH Group results from the successful combination of three recognized brands: Centaure, Duarib and Haemmerlin. CDH Group is headquartered in Romilly-sur-Andelle, France and operates manufacturing and distribution facilities in France, the United Kingdom, Hungary and Russia. For more information about the CDH Group of companies, visit www.centaure.fr, www.duarib.fr and www.haemmerlin.com.

CONTACT: Angie Maddox, 1-404-996-4041, [email protected]

SOURCE WernerCo