Caradon moves into east Germany

Caradon moves into east Germany

Caradon, the branded building materials group, is aiming to cash in on the rebuilding of eastern Germany by investing a total DM245m (£109m) cash in an initial 21.8 per cent stake and an option over a further 21.3 per cent in Weru, a maker of doors and windows. Weru's operations in Germany dovetail with Caradon's Everest and Alpine window businesses in the UK. Caradon will need regulatory approval before it can take its stake above 24.9 per cent.