The Flip company based in Gondecourt (59, France) joins the StellaGroup. It was previously owned by Geoffroy Toulemonde, its managing director, and the investment firm Siparex.
Flip specializes in the design, manufacturing and marketing of roller shutters as well as in venetian blinds and roll-up doors. Flip deals with a wide variety of customers, including carpenters, craft man companies but also with a distribution network focusing the Hauts-de-France region (Paris commuter belt).
Flip will reach a turnover of close to 23M€ in 2018. It is a recognized brand in the security roller market and employes 107 persons. Geoffroy Toulemonde whom have been running Flip for fifteen years, will remain head of the company.
StellaGroup is the French market leader in residential, industrial and commercial closures equipments. StellaGroup now includes five companies amongst which four makes up the roller shutter division:Profalux (Thyez 54, France), Eveno (Lorient 56, France), Sofermi (Saint-Orens-de-Gameville 31, France) and its new comer, Flip (Gondecourt 59, France).
La Toulousaine (Escalquens 31, France) continues to dominate the French market for Grilles and Security Shutters. La Toulousaine is also known as one of the major french players for industrial and residential sectional doors as well as for aluminium gates, fencing and balustrading
By integrating Flip, StellaGroup will reach over 230 million euros turnover in 2018, relying on its 850 employees.
« The acquisition of Flip offers a good geographical complementarity by strengthening our position in the North of France where the Group had strong expectations but weak presence. Our ambition is to form a group of reliable players, based in the middle of their territories, each of them benefiting a great autonomy in their actions plans. Flip was matching all our criterias : a well-established company, based in the middle of its markets ; a recognized brand, with motivated teams and a charismatic head, sharing our social values and vision. We are therefore pleased to welcome Geoffrey Toulemonde and his teams, with the objective to help Flip in their future growth by creating synergies with StellaGroup’s products and industrial expertise » Didier Simon, President of the StellaGroup says.