Group Deceuninck has announced the sale of its participation in Godiva Windows Ltd to the local management. Godiva provides services to the window construction industry and will continue its cooperation with Deceuninck in the future. All 26 members of staff of Coventry-based Godiva will continue to be employed by the firm. Deceuninck Ltd owned 80% of the Godiva Windows Ltd shares. In a Management Buy Out these have been transferred to local management, who also took over the remaining 20% of the shares that were owned by Coventry City Council. Godiva last year achieved turnover of £2.5m. Deceuninck Ltd will continue to use Godiva's services in the future.

Source

Glass Age