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 HansenGlass enters Administration

At the Danish HansenGroup Board Meeting on the 26th of June, it was decided that HansenGlass Ltd. should enter administration - an intention which was filed with the court on the 26th June and completed with the administration confirmation on the 9th of July.

After more than 22 years of business, the decision was not taken light-heartedly. After the later years' trading losses, and as forecasts for the coming 3 years didn't show any major improvements in trading conditions, no extra funding was to come from the Group.

HansenGroup a/s core business is that of commercial fenestration, aluminium/glass façades, and bolted glass façade structures. This business area brings more than 90% of the Group earnings, and will therefore have priority for management time and funding. This division is continuously growing, both organically and by acquisition.

The UK division of the Hansen façade group, is HSHansen Ltd., trading as HansenFacades, which is based in Middleton. They enter this financial year - 2013/14 - with a healthy order book and several promising large contracts. They specialize in bolted structural glazed façades, the unique Hansen Millenium window system, and bespoke envelope solutions which is well received by the forefront of Architects.

During the last 2 years, HansenGroup's other UK based business unit, AccentHansen ltd. has undergone a complete restructure, with a modernized product portfolio, and a strengthened organization, making it a desired partner for steel and glazed doors customers. AccentHansen is from a group perspective an important business unit which we are sure will thrive in years to come.

Any questions will be dealt with by the HansenGroup UK's Group Director, Mr. Tomas Bur Andersen, tba@hansenGroup.co.uk

Yours sincerely
Hans Kolby Hansen
HansenGroup a/s
Denmark