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Belgian swimming pool specialist LPW Corporate acquires Walter Piscine

17/02/20

 

Losberger De Boer announces that it has reached agreement to sell all shares in its subsidiary
Walter Piscine to LPW Corporate group, a Belgian independent group of companies, which among others owns the companies LPW Pools and Covrex®. LPW Pools was founded in 1962 and is a manufacturer of high-quality one-piece fiberglass pools. Covrex® is a producer of high-end automatic slatted pool covers. LPW Corporate Group and Losberger De Boer have fully finalised the transaction.

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LPW Pools was founded in 1962 and is a manufacturer of high-quality one-piece fiberglass pools. Covrex® is a producer of high-end automatic slatted pool covers. LPW Corporate Group and Losberger De Boer have fully finalised the transaction.

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Walter Piscine is located in Brumath (Strasbourg/France) and is a specialist manufacturer of pool covers. The company employs 27 people and is a recognised company in its sector with a strong position in its markets. Walter Piscine has been part of Losberger De Boer since 2003.

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Management of LPW Corporate says: “The acquisition of Walter Piscine fits very well to our strategy to offer our customers a broad range of high-quality swimming pools and covers. There are strong synergies between Walter Piscine and our companies. Product lines are complementary and also from a geographical viewpoint LPW Corporate and Walter Piscine will strengthen our combined international presence. We will maintain all of Walter Piscine’s activities and the company will continue to operate from its current location in Brumath (Strasbourg). We are convinced that together with Walter Piscine we will be able to expand our businesses in the swimming pool market in a healthy manner.”

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Losberger De Boer has decided to sell Walter Piscine because the company has a different product portfolio and is aiming at different customers and markets compared to the other companies of the Group. The divestment is part of Losberger De Boer's strategy to focus on its core businesses offering high quality, fully integrated temporary and semi-permanent spatial solutions.

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Management of Losberger De Boer is confident that with the LPW Corporate group it has found an excellent home for Walter Piscine and that it will enable further future growth for the company.

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For more information, please contact:
Losberger De Boer        
                                                                             
Onno Koole | Group Marketing Director
M: +31 6 24 27 83 92                                                                                    
E: Onno.Koole@losbergerdeboer.com                                               
T: +31 72 5475 272                                                                                        
W: www.losbergerdeboer.com              

 

 

 

 

About LPW Corporate Group
LPW Corporate group, founded in 1962 and based in Aarschot (Belgium), is a Belgian independent group of companies, which among others own the companies LPW Pools and Covrex®. LPW Corporate group is a pioneer in the development and production of high-end swimming pools and covers. The group produces one-piece fiberglass swimming pools LPW Pools and automatic swimming pool covers Covrex® Pool Protection. LPW Corporate exports its products to over more than 50 different countries around the world.

For more info please visit: www.lpwpools.com

 

About Losberger De Boer
Losberger De Boer is one of the globally leading providers of highly integrated temporary and semi-permanent space solutions, from sales to turnkey rental, with excellent customer satisfaction. Losberger De Boer is VCA**, ISO 9001-2015 and ISO 14001-2015 certified. Losberger De Boer is headquartered in Bad Rappenau, Germany, and operates 8 production facilities and 21 sales offices globally. Losberger De Boer employs 1,100 staff worldwide.

For more info please visit: www.losbergerdeboer.com   

 

About Walter Piscine
Walter Piscine develops, manufactures and sells a broad portfolio of swimming pool covers. Walter Piscine is based in Brumath (near Strasbourg/France) and employs 27 people. The company has its own integrated design department and a modern and automated production facility of 2.500 m2. Walter Piscine is well-positioned to cover the French and DACH markets from its location near Strasbourg and to supply the Northern and Eastern regions in Europe.

For more info please visit: www.walter-piscine.com