- Furniture hardware
The German Hettich Group intends to acquire the entire shares of the Italian FGV Group, subject to approval by the antitrust authorities. This is an important step for the two companies, which together want to plan a common future in the furniture fittings sector.
After the merger, Hettich and FGV intend to integrate their forces in order to continuously develop their existing business activities and offer their customers even better value-added solutions.
Developing a path to success together
Hettich and FGV share common values: two European family businesses with a long history in a common industry, acting in a practical and responsible manner, always with an eye on future generations.
Andreas Hettich, shareholder and Chairman of the Advisory Board of the Hettich Group says, "We - Hettich and FGV - are two family-owned companies with a long history in our common industry, the furniture fittings industry. We are enthusiastic about moving into the future together, learning from each other and becoming even stronger together, keeping customer interest and satisfaction as our top priority".
Hettich is a world market leader which, like us, has a great deal of experience in the furniture fittings sector. - says Renato Forment, Chairman of the FGV Board of Directors - FGV would like to combine its know-how and flexibility with the Hettich Group as soon as possible in order to jointly develop a successful path in the industry and secure a solid future for FGV's management and employees".
Working closely together
Hettich and FGV will remain independent brands and companies within the Hettich Group, customers of both companies will retain their usual contacts even after the planned merger, so customer service will remain unchanged. The management of both companies, Hettich and FGV, will ensure the necessary continuity and continuous joint development.
"In the future, we will work together in the background, in close cooperation. Our customers will continue to receive service from their established contacts, whom they know and appreciate," emphasise Silvana Riboldi, Head of Sales at FGV, and Uwe Kreidel, Managing Director Sales and Marketing at Hettich.
About Hettich and FGV
Founded in 1888, Hettich is today one of the largest and most successful manufacturers of furniture fittings on the international scene. The family-run company is based in Kirchlengern, in the furniture manufacturing district of the East Westphalia region of Germany.
It has around 8,000 employees in almost 80 countries.
As one of the leading manufacturers of fittings and furniture solutions, FGV offers a complete range of products: hinges, drawers, slides, hanging brackets, alternative openings and sliding systems to meet the most demanding market requirements. Founded in 1947 in Veduggio con Colzano, in the Brianza region of Italy, the company is now present on all continents with six production sites and seven distribution sites together with a network of over 70 distributors.