GF PIPING SYSTEMS
Expansion in Brazil with acquisition of HDPE pipe manufacturer FGS
The FGS acquisition comes with two facilities for the production of HDPE pipes and fittings (Photo: GF Piping Systems)
GF Piping Systems, a division of Georg Fischer (GF, Schaffhausen / Switzerland; www.georgfischer.com), is acquiring FGS Brasil Indústria e Comércio (FGS, Cajamar / Brazil; www.fgsbrasil.com.br) for an undisclosed sum. The acquisition is expected to close during the first quarter of 2021.

FGS is Brazil’s leading manufacturer of HDPE pipes and fittings with two production sites in Cajamar, near São Paulo, and in the Greater Recife/Pernambuco area, serving the local water, gas and other industrial sectors. The company employs 240 people and has annual sales of about BRL 160m (EUR 25m).

Brazil is currently implementing a major government initiative to develop its infrastructure, especially in the water and gas utility sectors. Both GF and FGS are already working together on replacing the piping network in the São Paulo region.

GF said the acquisition will provide a unique platform for further growth, both in Brazil and in South America. “As a specialist in sustainable solutions for the safe transport of fluids and in reducing water losses, we are looking forward to realising the growth opportunities together with FGS,” commented GF’s CEO Andreas Müller. FGS chief executive Roberto Gadotti added that the transaction will “derive positive synergies and will provide a strong foundation that supports accelerated growth within numerous markets and product segments.”
06.01.2021 Plasteurope.com [246639-0]
Published on 06.01.2021

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 27.02.2021 16:31:53   (Ref: 295233076)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp