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Simpson Strong-Tie Completes the Acquisition of ETANCO Group
Simpson Strong-Tie, an industry leader in engineered structural connectors and building solutions, today announced the successful completion of its acquisition of the ETANCO Group, a leading designer and manufacturer of fixing and fastening solutions for the European building construction market. “ETANCO is a highly successful and profitable company with a 70-year history and well-established brand and market position,” said Karen Colonias, Chief Executive Officer of Simpson Strong-Tie...
ETANCO GROUP ANNOUNCES THE ACQUISITION OF SYSTEA GMBH
ETANCO Group announces the acquisition of SYSTEA Gmbh, the market leader in ventilated facade in Germany.
About SYSTEA Gmbh:
Founded almost 46 years ago in the Hamburg region, SYSTEA designs, manufactures and markets a complete range of sub-structure systems for ventilated facades. It covers the entire chain, from sales to implementation support, including consulting, production and delivery. Its know-how is internationally recognized for the quality of its aluminium and stainless steel solutions.
In its last financial year, which ended on 31 December 2020, SYSTEA generated revenues of approximately 14.3 million Euros, 80% of which were generated in Germany. The company has 45 employees.
As the undisputed leader in Germany, the company has over the years built up a portfolio of loyal customers and can rely on highly experienced teams and extensive technical capabilities.