Corby window and doors firm sold for £11.6m

Corby-based CWG Choices has been sold to Sweden’s Inwido, Europe’s largest supplier of windows and doors, in a deal worth £11.6m.

Inwido, headquartered in Malmö and listed on the Stockholm Stock Exchange, has operations in Denmark, Finland, Norway, Sweden, Austria, Estonia, Ireland, Lithuania, Poland and the UK. The company has approximately 3,400 employees and generated sales of slightly more than SEK 5.2 billion in 2015 (around £455m at current exchange rates).

Jason Wilder, CWG Choices managing director, said: “In Inwido, RSM Corporate Finance found the ideal buyer to drive the business forward. Inwido have taken the lead in the European windows and doors market and the acquisition of CWG Choices will further strengthen their position in the UK.”

RSM’s Stephen Orriss and Shafwaan Bheda advised the vendors, with legal advice provided by Gary Smith and Thomas Redman of Dentons.