The industrial holding company APB, based in Braslou in Indre-et-Loire, marks a milestone in its history by opening its doors to Spef Développement.
In 1997, this furniture specialist took its first steps with financiers by welcoming Centre Capital Développement as a shareholder. But this time, the group is marking a new stage. “APB not only wants to enhance its development capabilities, but also to relocate the production of unfinished furniture between now and summer 2003,” says Jean-Christophe Guilbaud, business manager at Spef Développement. The construction of a factory has also already begun in Slovakia for this purpose.
Both designer and manufacturer of furniture sold to distributors under three trademarks – De Bournais, Valmaison and Granville –, APB is having to deal with the ups and downs of the sector. “It’s a market that has suffered a great deal,” concedes the investor. “Nevertheless, APB has grown by 10% compared to 2001!” On the strength of this attribute and an approximate turnover of €17 M in 2002, APB has raised €2.35 M.
Advised by CFK Finance, the group which was established 10 years ago and has 200 employees, received €2 M from the newcomer, Spef Développement, via Ile-de-France Nord Croissance and +X Développement, and €0.35 M from its historic shareholder. It therefore has the funds to enable it to strengthen its position on the high-end furniture market segment. It thereby also confirms its international position, which represents 60% of its turnover.
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