Wesfarmers sells Homebase for GBP 1
DIY store investment was "disappointing".Read More
Austrian fittings manufacturer Blum has reported sales up 9.4% to Euro 1.440million, with 49% of the growth reported from the EU region and 14% in the USA.
In addition the company cited growth in the Asia-Pacific region, Eastern Europe and recovery of markets affected by the financial crisis in Western Europe.
Blum has also invested Euro 156million, with an extension of Plant 7 (pictured) and more space was given to hte administration at its headquarters in Hoschst. In addition, Blum also acquired a site in Dornbirn for a new plant and has plans to extend its production and storage capacities at Plant 4 in Bregenz, with construction work expected to start this year.
It also invested in sites outside of Austria, adding production and logistics areas to its Poland plant, extendng storage and office facilities in Russia and Blum Mexico opened a new site with additional offce and storage space in the financial year.
Blum UK is also in the early stages of an extension to its headquarters in Milton Keynes.
The company has also grown its workforce, with the addition of 439 employees, bringing the total number of staff to 6,187.
However, after more than 35 years of service, CEO of Julius Blum, Herbert Blum has resigned from the role. He will remain as CEO of Blum, owner of Julius Blum. The executive team will continue to be responsible for Julius Blum, which includes family members Philipp Blum and Martin Blum.