Pre-fabricated house maker TrendHaus has returned to Hungarian ownership after managing director Péter Fazekas bought 100% of the company from Germany's KAMPA, which bought it in 2004.
Fazekas declined to reveal the price of the stake when asked by MTI. KAMPA, which is one of Europe's biggest makers of pre-fab houses, earlier decided to shut down some of its foreign units, but offer profitable ones for sale to their management.
The company has changed its name from KAMPA-TrendHaus to TrendHaus Hungaria because of the sale, but it will still cooperate with KAMPA under a licensing agreement in force from September 25. The agreement will ensure product development and strict technical oversight at TrendHaus Hungaria, but the company will also be able to produce its own materials.
TrendHaus has been present on Hungary's pre-fab house market since 1999, generating annual revenue of HUF 700 million-HUF 800 million. It has sold more than 500 energy-efficient pre-fab houses in Hungary. (MTI-Econews)