ROTHENBERGER AG acquires French market leader and competitor VIRAX S.A.S.
(firmenpresse) - ROTHENBERGER AG / Key word(s): Enterprise/
ROTHENBERGER AG acquires French market leader and competitor VIRAX
S.A.S.
DGAP-Media / 12.10.2011 / 21:00
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Press Release
Kelkheim/Germany, 12th October 2011
ROTHENBERGER acquires French market leader and competitor VIRAX SAS
Today ROTHENBERGER AG, domiciled at Kelkheim near Frankfurt, Germany, has
successfully closed the important acquisition of all shares, trademarks and
the notable customer base of its French competitor VIRAX SAS
(www.virax.com), located in Epernay (Champagne).
The well-established company VIRAX SAS has been operating in the market for
more than 90 years, so far as a major subsidiary of the French tool
producer FACOM SAS and as such part of the international Stanley
Black&Decker Group listed at the New York Stock Exchange. In 2010, VIRAX
SAS achieved with a headcount of about 200 more than 75 % of the sales in
the French market, turning the company into the leading national supplier
of pipe tools for sanitary, heating and air conditioning.
Numerous major French and European customers and trade associations today
trust in the quality and reliability of VIRAX tools which are mainly
produced by the company itself - features that are also characteristic for
ROTHENBERGER, the leading European supplier in this industry sector. Its
owner and CEO, Dr. Helmut Rothenberger, is convinced that 'with this
acquisition, we did not only create a strategic European alliance in our
industry, but will also be able to offer our customers further attractive
brands for the individual requirements of their trading firms. Ultimately,
all this will serve the professional end users of our tools who trust in
the premium quality of all our products every day.'
With the expansion of ROTHENBERGER's extensive product portfolio by VIRAX
tools, the market share of the Group does not only considerably increase in
France and Europe, but also in the emerging African markets.
'In the future, ROTHENBERGER will continue to efficiently facilitate the
daily work of professionals in the field of pipe installation and
maintenance through a comprehensive product range. From now on, this also
includes premium VIRAX products', comments CEO Dr. Helmut Rothenberger on
the attractive combination of both traditional brands.
Both companies, according to Dr. Helmut Rothenberger, share an optimistic
outlook to their joint future, with an expected sales growth by 10 % in
2011 and 5 % in 2012, and thus an adequate return on investment. The
purchase price for the acquisition remained undisclosed.
VIRAX will remain independent as an individual brand on the market. Through
the recruitment of Mr. Michel Moulin, the company has gained a highly
experienced and successful French CEO who will set VIRAX on the right
course for the benefit of both the customers and the employees, as well as
of ROTHENBERGER.
ROTHENBERGER AG belongs to the Dr. Helmut Rothenberger Holding GmbH,
located in Anif/Salzburg, Austria. The corporate group encompasses a total
of more than 80 companies with more than 3,000 employees, generates a
turnover exceeding 600 Mio. Euro and is one of the leading market players
in the three business areas pipe tools and machinery for sanitary
technology, heating, air-conditioning, refrigeration, gas and environmental
engineering under the management of ROTHENBERGER AG (www.rothenberger.com),machine tools, with the focus on complete machining, precision grinding and
forming, managed by AUTANIA AG (www.autania.de) and administration and
marketing of energy efficient real estate activities under the management
of REAL AG (www.realag-immobilien.de).
The Rothenberger Group is also the main shareholder of the nexMart GmbH&Co. KG which operates an international internet trade portal at
www.nexmart.net for the sectors of tools, fittings, hardware, timber,
garden equipment and auxiliary materials.
In addition to these, Dr. Helmut Rothenberger Holding is the majority
shareholder in NORDWEST Handel AG, a listed company with its head office in
Hagen which oversees a trade volume of around EUR 2 billion per annum in
production interrelated trade (PIT), steel and sanitary products.
For further information please contact:
ROTHENBERGER AG
Mr. Ralf Weber and Mr. Michel Moulin
Spessartstraße 2 - 4
D-65779 Kelkheim
Tel: +49-6195-800-2004
Fax: +49 6195 800-2009
Please note: All press releases of ROTHENBERGER AG can be found and
downloaded under www.ROTHENBERGER.com
End of Media Release
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142133 12.10.2011
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Datum: 12.10.2011 - 21:00 Uhr
Sprache: Deutsch
News-ID 75523
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