Schlegel International, the sealing solutions provider, has announced the acquisition of Italian based hardware specialist Giesse, with immediate effect. This gives Schlegel, the International Division of London quoted Tyman plc, a high quality, engineered hardware range for the aluminium window and door market in Europe, together with a local presence in new markets around the world.
Peter Santo, Schlegel CEO, commented; “We are pleased to be able to bring Giesse into the Group as the business is an excellent fit with our own. It gives us the start of a hardware offer that can sit alongside our range of sealing products, all aimed at the window and door industry. It also brings another well-known and respected industry brand into the Group.
For Schlegel and Giesse, our major markets are in Europe, but we both have growing new businesses in South America and, whilst Schlegel are strong in Australia and New Zealand, Giesse have a greater presence in China, the Middle East and India, meaning the new combined business will have access and real synergy opportunities in a number of new markets.
Giesse have a long history of innovation which is a main attraction to us and, with the backing of our Group, our aim is to continue and, indeed, accelerate this activity.
I would like to confirm to existing customers of both Schlegel and Giesse that, whilst it will be business as usual, we plan to bring a number of exciting new opportunities in the future. Seals and hardware are the two most important components in the weathering performance of a window and door and their combined development and offer as a ‘One-stop Shop’ solution is an obvious way forward, especially as Building regulations around the world are forever improving”.
The CEO of parent group Tyman plc, Louis Eperjesi, added; “The acquisition of Giesse represents a strategic opportunity for the Group to add an initial hardware offering to our International Division as we seek to expand the range of engineered components we can offer our customers in all regions.”