Wednesday, September 6, 2023
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German technology meets Italian finesse as manufacturers of furniture fittings, Hettich plans to merge with Italian furniture fittings giant, FGV and strengthen its business while increasing market value. The companies intend to complement each other’s strengths to develop existing business activities to offer customers even better solutions. “We – Hettich and FGV – are two family-owned companies with a long history in our common sector, the furniture fittings industry. We look forward to moving into the future together soon, learning from each other and becoming even more powerful together, keeping client interest and satisfaction as an absolute priority,” says Dr. Andreas Hettich, Shareholder and Chairman of the Advisory Board of the Hettich Group.
As individual companies both will remain independent brands and companies within the Hettich Group. Customers can continue with their usual contact with the companies as both companies will retain their familiar contacts even after the planned merger. The experienced management teams of both companies will ensure the necessary continuity and ongoing joint development. Emphasising the commitment to work systematically Silvana Riboldi, Head of Sales at FGV, and Uwe Kreidel, Managing Director of Sales and Marketing at Hettich said, “We will work together in the background in a closely networked manner in the future. Our customers will continue to receive the service from their established contacts, each of whom they know and appreciate.”
Hettich and FGV share common values as they both are two well-known European family businesses with a long history in the industry. With the same responsible manner of working and committed work ethics- both companies are looking forward to this merger. Being highly optimistic about this merge Renato Formenti, Chairman of the Board of FGV said, “Hettich is a world market leader that, like us, has a great deal of experience in furniture fittings. FGV would like to bring its know-how and flexibility together with the Hettich Group as soon as possible to develop successfully together in the future and grant a bright future to FGV management and employees.”
Tags: FGV, hettich, Hettich Group, wood, wood and panel, woodworking, woodworking and manufacturing, woodworking and processing, woodworking industry, woodworking UK
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