suki group has acquired the French group VT Fastware, which includes Vynex, Tréfilaction and FTV-Asia. Both suki group and VTF are active in the distribution of DIY products, such as hardware in a wider context, hand tools, self adhesives and other DIY essentials.
Sebastian Laus, CEO of suki group, comments: “I’m happy to welcome VTF in the growing suki group. The acquisition of VTF is a unique opportunity for the future of the two groups. Together, we will even be better able to serve our customers in different regions and sales channels.”
Hervé Hacot, CEO of VTF, explains: “The DIY market is becoming increasingly global and more and more complex with new skills to be developed to meet increasing demands. With suki group we found the ideal and fully complementary partner in Europe, geographically and in terms of product ranges, with hardware as a common point. In all other ranges we will be able to take advantage of our individual skills.”
A strong part of the acquisition is that suki group strongly supports the industrial relocation project initiated by Vynex and this should become a major accelerator for the group. Sebastian Laus adds: “We are excited to become, through VTF’s initiative, producers of high-quality woodscrews ‘Made in Europe.’”
For Vynex this is a major opportunity to further strengthen its ROCKET® brand, the main brand of technical wood screws for the building and renovation industry in France. This prospect of international sales development will help to consolidate the industrial relocation plan in France and consequently to increase the volumes produced in the Ardennes through growth.
Additionally, suki group business units Facido (multichannel provider for many innovative DIY manufacturers of decoration, flooring and sanitary ranges) as well as DBM.S (Merchandising organisation in many European countries) will deliver further synergies and opportunities.
Finally, VTF's packing centres in China and Vietnam will of course offer their services to suki group; more generally, a sharing of suppliers in Asia will allow to improve the management of the supply chain of both groups.
The management team of VTF will remain in place in its entirety and work jointly together with the suki group board. Hervé Hacot will remain CEO of Vynex and Tréfilaction, Sebastian Laus is the CEO of the enlarged suki group.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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