Winkhaus Group Reports Record Sales for 2006
The Winkhaus Group, headquartered in Telgte, Germany, reported record sales of $395 million USD for 2006. Winkhaus manufactures multipoint door locks, cylinders and window hardware. Winkhaus is a family-owned and operated company with 2,200 employees worldwide. In 2006, more than 70 percent of its sales were generated outside its domestic market in Germany.
In spite of a significant decline of the U.S. housing market in 2006, the company's North American subsidiary, Winkhaus North America Inc., experienced a double-digit sales increase in 2006. This is the second year in a row of double-digit growth after its relocation from New Jersey to Whitewater, Wis., in 2005 and the opening of its newly-expanded distribution center.
"We are looking forward to another successful year in 2007. Our new product lines, especially the new stainless steel One Motion multipoint locking system, offers features that help our customers to sell more doors to North American consumers in this difficult environment. Therefore, we are optimistic for 2007," said Rudy Kessler, president of Winkhaus North America.
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