7 minute read
Linking up Combining strengths
NEWS
Combining strengths
Tyman to acquire Giesse of Italy
Tyman plc, a leading international supplier of engineered components to the door and window industry, has announced the acquisition of Giesse, an Italian based manufacturer of hardware for aluminium windows and doors.
The acquisition represents a strategic opportunity to add a design-led hardware offering to Schlegel, the group’s international division, with a presence in the EMEAI and other markets. The acquisition is in line with the group’s strategy to develop and extend the Group’s product portfolio through a combination of internal R&D and targeted acquisitions.
Louis Eperjesi, chief executive of Tyman, commented: “The acquisition of Giesse represents a strategic opportunity to add an initial hardware offering to our international division, Schlegel, as we seek to expand the range of engineered components we can offer our customers in all regions. Giesse offers an excellent fit with our business model and significantly broadens our coverage of the aluminium window and door market in Europe as well as giving Tyman local presence for the first time in a number of markets worldwide.” Visit: www.giesse.it
Inwido to acquire Lämpölux of Finland
Inwido, Europe’s largest supplier of windows and doors, has signed an agreement to acquire 83% of the shares in the Finnish window and door company Värmelux Oy that owns and runs the business under the brand name Lämpölux, with an option for the remaining 17%.
At six years old, Lämpölux is a young brand that sells and installs windows, doors and garage doors in wood and wood/aluminium through 18 sales offices throughout Finland. The company, which was founded by the current management and is co-owned by its management and CapMan, has no proprietary production but is a customer of Inwido Finland, among others.
Today, Lämpölux has about 180 employees and annual sales of about €29 million. The company is headquartered in Oulu, Finland. Visit: www.inwido.com
Fluor Corporation has closed its acquisition of Stork Holding B.V. Fluor announced in early December 2015 that the company had agreed to purchase 100% of Stork’s shares from UKbased private equity firm Arle Capital Partners.
Stork is a global provider of maintenance, modification and asset integrity services associated with large existing industrial facilities in the oil and gas, chemical, petrochemical and power markets. Founded in 1827, Stork has long-term relationships with a diverse range of customers. It has operations in Continental Europe, the United Kingdom, the Middle East, Asia-Pacific and the Americas. Stork’s business model is primarily based on ongoing operating budgets that are less impacted by capital spending plans and volatile commodity prices. The addition of Stork’s capabilities to the Fluor portfolio will help meet customers’ needs throughout the full lifecycle of an operating plant.
Stork, along with Fluor’s current Operations & Maintenance organisation, will be led by Stork CEO Arnold Steenbakker and reported financially under the Global Services business segment. Visit: www.stork.com
3M and Festool announce strategic collaboration
3M Company and TTS Tooltechnic Systems AG & Co. KG, maker of Festool brand products, have announced a strategic collaboration to provide customers in the global automotive collision repair industry with a new and comprehensive surface preparation and finishing system. The collaboration brings together 3M’s best-in-class abrasives, global sales and distribution capabilities with Festool-branded premium power tools, dust extraction technologies and exceptional customer service to deliver a comprehensive portfolio of offerings to customers in the automotive aftermarket.
As part of the strategic collaboration, 3M’s Automotive Aftermarket Division (AAD) will eventually become the exclusive supplier of 3M and Festool Automotive Systems products in the automotive aftermarket.
“We are proud to enter into this collaboration with 3M to offer a premium surface treatment system for body shops,” said Christian Oltzscher, chief sales officer, TTS Tooltechnic Systems AG & Co. KG.” Visit: www.festool.com
LINKINGUP
Schenck Process and Sandvik Mining sign global partnership agreement
Sandvik Mining and Schenck Process have signed a global partnership agreement. The partnership provides increased crushing circuit productivity for Schenck Process double and single deck high capacity banana screens and Sandvik high productivity cone crushers. It also enables a single service provider approach to support customers throughout the entire plant life cycle.
Schenck Process Business Unit Minerals & Metals is a leading supplier of solutions for screening applications in mining. Sandvik has a reputation as a leading supplier of crushers and crushing technologies. This cooperation provides in-depth understanding of mining customers’ equipment, together with process knowledge that will enable them to raise their crushing plant performance.
“This partnership agreement allows our customers to raise their overall crushing and screening plant productivity by focusing on process efficiency in its entirety, as opposed to individual pieces of equipment,” comments Mary Verschuer, president Minerals & Metals, Schenck Process Group. “Midtier miners are often looking for a system solution across the crushing circuit and with this partnership they will benefit from the best solutions from the Sandvik and Schenck Process product line in a single offering.” Visit: www.schenckprocess.com
Fagerhult acquires LED Linear GmbH
T0 strategically strengthen the Fagerhult Group’s position in the professional lighting market as well as adding leading complementary product ranges, Fagerhult has acquired 100% of the shares of LED Linear GmbH based in Neukirchen-Vluyn, Germany.
LED Linear GmbH manufactures linear LED lighting fixtures, LED modules and other lighting fixture components primarily for the indoor and outdoor commercial sector. Typical application areas include commercial offices, retail, hospitality, infrastructure and high-end residential buildings. The company has successfully established a global sales presence with more than half of the net sales outside Europe, mainly in North America and Asia.
“LED Linear GmbH has world class linear LED lighting solutions, a cutting edge integrated manufacturing capability and award winning products and brand. The company has consistently delivered very strong financial performance with an organic growth of over 40% in 2015. They have an excellent track record of innovation, delivering a range of leading linear architectural lighting solutions. With the addition of this company to our group we see several strong synergies from selling their products through our distribution channels to leveraging their strong LED competence,” comments Johan Hjertonsson CEO Fagerhult Group. Visit: www.fagerhult.se
Siegwerk to take over ACTEGA Colorchemie
Siegwerk Druckfarben AG & Co. KGaA, one of the leading international suppliers of printing inks for packaging applications, labels and catalogues, has signed a contract to purchase the printing ink manufacturer ACTEGA Colorchemie GmbH and its subsidiaries. The latter company, which belongs to ALTANA’s ACTEGA Coatings & Sealants division, develops and manufactures water-based flexo printing inks, particularly for printing on corrugated board packaging.
“With its extensive range, its high brand awareness and its pronounced service competence, ACTEGA Colorchemie fits excellently with Siegwerk,” says Hugo Noordhoek Hegt, president Packaging EMEA and a member of the management board of Siegwerk. “Due to the merger, we can open up new segments and further enhance our profile.”
By acquiring ACTEGA Colorchemie, Siegwerk is once again expanding its packaging printing offer. The aim is to bundle the strengths of the two companies and to bring together their technological competence and strong service orientation. By integrating the products of ACTEGA Colorchemie into its portfolio, the global printing ink manufacturer can target the needs of its customers even more effectively. Visit: www.siegwerk.com
BASF and Avantium to establish joint venture
BASF and Avantium have signed a letter of intent to establish a joint venture (JV) for the production and marketing of furandicarboxylic acid (FDCA), as well as marketing of polyethylenefuranoate (PEF), based on this new chemical building block. The JV will use the YXY process® developed by Avantium in its laboratories in Amsterdam and pilot plant in Geleen, Netherlands, for the production of FDCA. It is intended to further develop this process as well as to construct a reference plant for the production of FDCA with an annual capacity of up to 50,000 metric tonnes per year at BASF’s Verbund site in Antwerp, Belgium. The aim is to build up world-leading positions in FDCA and PEF, and subsequently license the technology for industrial scale application.
FDCA is the essential chemical building block for the production of PEF. Compared to conventional plastics, PEF is characterised by improved barrier properties for gases like carbon dioxide and oxygen. This can lead to longer shelf life of packaged products. Visit: www.basf.com
