Caradon looks to Germany
Thursday 11 May 1995
Mr Hichens sounded some notes of caution, however. He said the recovery in the UK trade cycle had been weaker than expected, and that last year's growth in North America had not continued across the board in the first quarter.
Caradon's doors and windows operations in the UK and North America were proving difficult, although the rest of the group was on track, Mr Hichens added.
Progress this year in Germany, the company's main market on the Continent, had been slow, but other European markets were more buoyant. A month ago, Caradon bolstered its position in Germany by investing £109m in a 21.3 per cent stake in Weru, a maker of doors and windows.
Weru, in which Caradon will eventually take a 50 per cent stake, will dovetail with the UK company's Alpine and Everest window businesses. Caradon's other branded products include MK plugs, Mira showers, Catnic building materials, and Twyfords plumbing.
Mr Hichens told shareholders that the group expected to exchange products and expertise with Weru. Germany is the largest market in Europe for windows and doors, with the extensive rebuilding taking place in the former east Germany.
Culinary experts in The Netherlands thought it was 'fresh' and 'tasty'
- 1 Marijuana use by teenagers does not result in a lower IQ or worse exam results, study finds
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 NHS staff banned from drinking tea or coffee on the job because it looks like they're not working hard enough
Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Kim Jong-un 'purge': Six North Korea officials missing for weeks 'may have been executed'
Diwali: What is the festival of lights – and how is it celebrated around the world?
Nathan Cirillo: Final pictures emerge of soldier moments before he was shot dead by Ottowa gunman
Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
iJobs Money & Business
£350 - £360 per day: Ashdown Group: SQL Developer with T-SQL, Watford, Hertfor...
120-150k: Accountancy Action: We are looking for an experienced CFO from a min...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...