Schüco, a leading German company in the window and facade industry, has recently made a strategic move by acquiring a minority stake in Skyline Windows, a well-established architectural windows company based in Bronx, New York.
This partnership marks a significant step forward for both companies, as Skyline will now be the exclusive distributor of Schüco’s products in North America.
Skyline CEO Matthew Kraus expressed excitement about the collaboration, stating that the new product portfolio and support from Schüco will enable them to double their revenue within the next five years. This ambitious goal reflects the company’s confidence in the strength of their partnership and the increased opportunities that will come from it.
On the other hand, Schüco CEO Andreas Engelhardt highlighted the investment as a strategic move to expand their presence in the U.S. market and drive innovation. By combining Skyline’s market expertise with Schüco’s sustainable technology, both companies aim to set new standards for sustainability, energy efficiency, and architectural design.
The partnership comes at a crucial time for both companies, as they navigate through the challenges brought by the global pandemic and changes in the industry landscape. Skyline officials have also emphasized the importance of this collaboration in paving the way for transformative developments in the U.S. market and achieving significant revenue growth.
Overall, the acquisition of a minority stake in Skyline Windows by Schüco represents a promising opportunity for both companies to leverage their strengths and expertise to drive growth, innovation, and set new benchmarks in the architectural windows industry. Stay tuned for more updates on this exciting partnership and the developments that will follow.
Source: Schüco International with additional information added by GlassBalkan
