Bossard Group has signed an agreement to acquire the French Aero Negoce International Group (ANI), significantly expanding its market presence in the aerospace industry.
Aero Negoce International SAS, headquartered in Béziers, France, employs 33 people and expects net sales of around €25 million for the current financial year. ANI is a French distributor of fastening solutions and provider of logistics services in the aerospace industry, with further locations in the USA and Malaysia.
“The intended acquisition of ANI is an important step to accelerate our growth strategy in the aerospace industry and strengthens our strategic presence in the Aerospace Valley in France. In addition, we see great market opportunities in the cooperation with Bossard Aerospace Germany, which will further strengthen our position in the European aerospace industry,” says Daniel Bossard, CEO of the Bossard Group.
“We are thrilled about this transaction. Bossard Group’s backing will provide ANI with a great opportunity to continue its growth trajectory while preserving the service oriented ethos that has defined our family business since its inception,” comments Patrick and Nathalie Bianchini, who led ANI in the second generation.
The closing of the transaction is expected within 2024 and is subject to the approval of the regulatory authorities and other customary closing conditions. The acquisition will be financed through the use of existing credit facilities.
Change in chairmanship
The Bossard Holding AG board of directors will elect David Dean as successor to retiring chairman Dr Thomas Schmuckli Zug at the annual general meeting of shareholders on 11th April 2025. David Dean has been a member of the board of directors since 2019 and chairs the compensation committee, as well as being a member of the audit, risk and compliance committee. Prior to that, he served Bossard Group for 15 years as CEO and seven years as CFO. Thanks to his many years of experience on the board of directors and the executive committee, he is very familiar with Bossard’s strategy, business model and corporate culture, and is therefore optimally prepared to promote the successful further development of the 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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