Peter Blijweert: Aluminium Pioneer with €430m in Transactions
Peter Blijweert
Founded in 1984, Aliplast began by producing insect screens before expanding its range to include windows, doors, sliding elements, wall facades and conservatories in aluminum. Now a recognized player on the international market, this Belgian aluminum profile company was acquired in 2004 by Electra Partners for the sum of 203 million euross, at which time Peter Blijweert retained a share in 15% and enabled him to have a assets of over 186 million euros.
Under a new name, Cognetas, the original entity sold Aliplast at the end of 2006 investment funds Sagard and Ergon, linked to Albert Frère, for 430 million eurosAt the same time, Blijweert sold its stake. Shortly afterwards, he founded Blijweert Aluminium, which led to a dispute and a claim for 130 million euros in compensation from Aliplast. Blijweert denies any accusation of wrongdoing. In 2011, he also left his holding real estatedecided to focus entirely on the aluminum.
Key dates :
- 1984Founding of Aliplast by Peter Blijweert.
- 2004Sale of Aliplast to Electra Partners.
- 2006Resale to investment funds for 430 million euros.
- 2007Launch of Blijweert Aluminium.
- 2011: Departure of the real estate holding company.
Financial Performance :
- Peter Blijweert owns 15% of Aliplast after the first sale.
- Blijweert Aluminium faces heavy losses.
- With b-Quick, a patented profile system for windows and doors, Peter Blijweert hopes to turn his financial situation around in 2014.
Finding its entrepreneurial roots in innovation and growth, Blijweert stands out for its perspective on business and the importance of reinvesting and being cautious with financial success.
Humanitarian commitment :
Peter Blijweert values the act of giving back to the community, in particular through humanitarian initiatives in the United States. Burkina Faso Fasoby participating in the installation and maintenance of water pumps to reduce the distances travelled for access to water.
Social involvement :
- Support to 'De vrienden van Burkina Faso' for the installation of around twenty water pumps per year.
- Objective: reduce the distance to drinking water and improve quality of life.
With a career marked by significant strategic decisions, Peter Blijweert has positioned himself as a key player in the field. major player in the aluminumwhile contributing to global social causes.
