To significantly expand its presence in Germany and eastern Europe, Bossard Group has signed an agreement to acquire Ferdinand Gross Group.
Headquartered in Leinfelden-Echterdingen, Ferdinand Gross is one of the leading distributors of fastening technology in Germany and is celebrating its 160th anniversary this year. The Group employs around 260 people and also operates in locations in Hungary and Poland.
With the contemplated acquisition of the Ferdinand Gross Group, which expects net sales of around €80 million for the current financial year, Bossard will be able to better serve its customers in Germany and eastern Europe even more comprehensively.
“I eagerly look forward to the upcoming collaboration with our new colleagues. The planned acquisition of the Ferdinand Gross Group not only brings together two companies with a long tradition, but also two strong partners who share common values and business philosophies – in the spirit of ‘Proven Productivity’,” comments Daniel Bossard, CEO of Bossard Group.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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