Hunter Douglas N.V. is a Dutch

multinational corporation A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

. 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. The head office is in

Rotterdam Rotterdam ( , , , lit. ''The Dam on the River Rotte'') is the second largest city and municipality in the Netherlands. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the ''"Ne ...

, the Netherlands, and a management office in Lucerne, Switzerland.

Structure

The current corporate structure, Hunter Douglas N.V., was formed in the Netherlands 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 A block trade is a high-volume transaction in a security that is privately negotiated and executed outside of the open market for that security. Major broker-dealers often provide "block trading" services—sometimes known as "upstairs trading de ...

, 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 countries and territories vary depending on context. The concept of "the West" appeared in Europe in juxtaposition to "the East" and originally applied to the ancient Mediterranean ...

References

External links

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