Belron has announced the acquisition of 80 percent of the shares of Maisoning Group, a French company providing home repair services (repair, renovation and emergency repairs) to both B2C and B2B customers. This acquisition is fully aligned to Belron’s service extension strategy. Belron will partner with Groupe Prunay, the prior 100-percent owner, to develop the business.
Maisoning Group was created in 1967 and has developed into a national home repair business which currently serves approximately 120,000 customers per annum, employing almost 400 people, including 200 technicians and tradespeople. The company generated more than $ 47.3 million USD of revenues in 2016.
This acquisition represents Belron’s first foray into the home repair market in Europe.
Groupe Prunay has owned Maisoning Group since 2010 and believes that the combination of the business with Belron’s Carglass business in France will provide it with the best opportunity for future development. Groupe Prunay will retain a 20-percent interest in the business and will continue to support its development.