GF Piping Systems announces the acquisition of Global Supply Co. Inc., Hallandale, Florida (USA), a specialized service provider to the marine industry. The acquisition will allow GF Piping Systems to expand its footprint in the promising US marine market.
The marine market is a growing key strategic market segment for GF Piping Systems, the largest division of GF. Global Supply Company Inc. has been a long-standing, trusted partner for the division to service the retrofit market to cruise ships in the USA. The acquisition strengthens the technical and logistics service support of GF Piping Systems to the cruise line customers.
Both parties have agreed not to disclose any financial details of the transaction.
Global Supply Company Inc. was founded more than 40 years ago and currently has 20 employees. The company will be renamed GF Marine USA and continue to focus on servicing the marine retrofit market with the current workforce. Charles Gualdoni, founder and current president, intends to retire following a successful transition period.