Simpson Strong-Tie has announced that following its recent acquisition of ETANCO Group, a leading designer and manufacturer of fixing and fastening solutions for the construction market, and parent company of Friulsider SpA, that both ETANCO and Friulsider are now fully operational within the group following the purchase.
Simpson Strong-Tie confirmed that the Friulsider administration will not undergo any transformative interventions and the management teams of both companies are working together to outline the most effective strategy for the future, whilst guaranteeing operational continuity to protect the level of service to customers in the meantime.
Michael Andersen, vice-president of European operations for Simpson Strong-Tie, said: “Our goal is to combine the companies in a way that takes advantage of our respective strengths in the marketplace. Both Friulsider and Simpson Strong-Tie customers can expect the same level of high-quality products and service as they have received in the past.”
Both companies, according to Simpson Strong-Tie, share ‘very similar DNA’, having built their strengths through high-quality products and excellent customer service. Friulsider CEO, Claudio Peleson, said of the acquisition that “ensuring a fast and effective integration without market disruption’ is the priority”. Adding: “Our entire supply chain, from production to the end customer, will greatly benefit from this acquisition, which will strengthen our presence on the Italian market, expanding our product range and making it even more competitive.”
These views were echoed by Karen Colonias, CEO at Simpson Strong-Tie, who concluded by saying: “We believe ETANCO’s extensive and complementary product offering will strengthen our overall product portfolio in Europe, enabling us to deliver even more value to our customers,” with the two companies consolidating their competitive strengths by optimising their offerings in a global approach.
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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