This month’s issue of Singular Diligence is about Hunter Douglas, the world leader in window coverings. HDG is based in the Netherlands. It generates the bulk of its revenue in the U.S. and Europe.
It divides its business into two segments:
1. Window Coverings, offering venetian and vertical blinds, roman, roller and woven wood shades, pleated shades, wood and alternative wood blinds, custom shutters, exterior venetian blinds, screen products, shutters and awnings;
2. Architectural Products, including sun control products, such as sun louvers, external louvered blinds, perforated screens, among others; commercial window coverings, such as roller shades, aluminum blinds, among others; ventilated facade systems; suspended ceilings systems; 3form translucent materials.
HDG operates under the brand names, such as: Hunter Douglas, Luxaflex, Duette, Silhouette, Vignette, Pirouette, Facette, Techstyle and 3form, among others. It has operating companies and offices worldwide in such countries as: Russia, Italy, Canada, the United States, Argentina, Mexico, Japan, Australia, among others.
Hunter Douglas is a good business at a great price. Its competitive position is very strong and the company is the clear market leader in blinds and shades in the U.S. and Europe. It is a hidden champion within its niche.
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