Georg Fischer strengthens its position in building technology

Aug 27, 2008 7:00 AM

Georg Fischer AG, Schaffhausen, Switzerland, is to acquire the entire capital of JRG Gunzenhauser AG (JRG) in Sissach, Switzerland. JRG is a leading provider of domestic and heating-water supply systems in Europe. It has an excellent market position and smoothly organised distribution channels primarily in Switzerland, southern Germany and Austria. The acquisition of JRG is an important strategic step for GF Piping Systems and substantially strengthens its position in the building technology market. Subject to approval by the antitrust authority, the transaction should be completed in the third quarter of 2008. The parties have agreed to keep the sale price confidential.

JRG headquarters in SissachJRG headquarters in Sissach, Switzerland. (Image: JRG AG)

JRG Gunzenhauser AG, founded in 1887 and with headquarters and production in Sissach, Switzerland, has 400 employees. It generated sales of CHF 110 million in 2007. The company, with its wellknown product lines Sanipex Classic, Sanipex MT and the appropriate mountings and valves, is a trendsetter in drinking water supply systems. Thanks to its innovative product range and its leadership in the German-speaking market, JRG is the ideal partner for GF Piping Systems. The management and shareholders of JRG Gunzenhauser AG are therefore pleased to hand over a powerful company to a Swiss corporation which will draw on this strength in a globalised economy to ensure a secure and successful future both for the name JRG and for Sissach as an industrial location.

Georg Fischer – Adding Quality to People`s Lives
GF Piping Systems is one of the three core businesses of the Georg Fischer Corporation and a leading supplier of piping systems in plastic and metal with global market presence. Connecting technology, fittings, valves, measuring devices and pipes are used for water conveyance and treatment as well as the transport of liquids and gases for industrial purposes. GF Piping Systems provides innovative, engineered solutions for the segments building technology, chemical process industry, cooling, life science, microelectronics, ship building, water and gas utilities and water treatment. Sales companies in more than 25 countries and representatives in another 80 countries ensure customer support 24 hours a day. Production sites in Europe, Asia and the US are near the customers and meet local requirements. The Georg Fischer headquarters is based since its foundation in 1802 in Schaffhausen, Switzerland.

Key figures GF Piping Systems 2007
More than 3’600 employees worldwide (per 31 December 2007)
1096 MCHF sales

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