Deceuninck NV

M&A Activity • Nov 14, 2023

Press release Regulated information – Inside information Tuesday 14 November 2023 at 7.30 AM CET

Deceuninck to close operations in Bogen and Hunderdorf (Germany)

European manufacturing and logistic footprint redesign announced

Deceuninck is today announcing its firm intention to stop all manufacturing activities in Bogen – which manufactures PVC profiles for windows and doors – and all logistic activities in Hunderdorf, in Bavaria, Germany. This restructuring plan will affect over 230 employees. A social plan, as well as the related support measures, will be negotiated with the employee representatives.

Deceuninck is optimizing its European production and logistic footprint in order to achieve sustainable growth, improve business performance and to assure a reliable supply and service. Production from the plant in Bogen will be transferred to other manufacturing plants in the Deceuninck Group, redesigning the set-up to address overcapacity and ensure long-term competitiveness.

German and global customers being serviced from the Bogen and Hunderdorf locations will not be impacted. There will be a continued focus on providing value and reliability to all customers. The Germany-based sales, marketing, product and technical functions will remain in place and assure all service, along with an optimal European supply chain and product portfolio.

Deceuninck will keep the market informed on the process.

End of press release

About Deceuninck

Founded in 1937, Deceuninck is a top 3 independent manufacturer of PVC and composite profiles for windows and doors. Headquartered in Hooglede-Gits (BE), Deceuninck is organized in 3 geographical segments: Europe, North America and Turkey & Emerging Markets. Deceuninck operates 17 vertically integrated manufacturing facilities, which together with 16 sales and distribution entities guarantee the necessary service and response time to Customers. Deceuninck strongly focuses on innovation, sustainability and reliability. Deceuninck is listed on Euronext Brussels ("DECB").

Contact Deceuninck: Hannes Debecker • T +32 51 239 587 • Investor.Relations@deceuninck.com