/ 2023-031 [The company]

Hettich and FGV plan a joint future

A special step for both companies: subject to the approval of the antitrust authorities, the Hettich Group from Germany is planning to acquire all the shares in the Italian FGV Group (www.fgv.it).

Hettich Logo. Grafik: Hettich

Hettich and FGV want to shape their future in the industry together. The approval of the antitrust authorities is still pending. Only then will the two companies actually belong together.

Following the merger, Hettich and FGV intend to complement each other's strengths in order to continuously develop existing business activities and offer their customers even better added value solutions. "We – Hettich and FGV – are two family-owned companies with a long history in our common sector, the furniture fittings industry. We look forward to moving into the future together soon, learning from each other and becoming even more powerful together, keeping client interest and satisfaction as absolute priority," says Dr. Andreas Hettich, Shareholder and Chairman of the Advisory Board of the Hettich Group. "Hettich is a world market leader that, like us, has a great deal of experience in furniture fittings. FGV would like to bring its know-how and flexibility together with the Hettich Group as soon as possible in order to develop successfully together in the future and grant a bright future to FGV management and employees", reports Renato Formenti, Chairman of the Board of FGV.

As both Hettich and FGV will remain independent brands and companies within the overall Hettich Group, customers of both companies will retain their familiar contacts even after the planned merger, so customer service will continue as usual. The experienced management teams at Hettich and FGV will ensure the necessary continuity and ongoing joint development.

"We will work together in the background in a closely networked manner in future. Our customers will continue to receive the service from their established contacts, each of whom they know and appreciate," emphasise Silvana Riboldi, Head of Sales at FGV, and Uwe Kreidel, Managing Director Sales and Marketing at Hettich together.

Hettich and FGV share common values: two European family businesses with a long history in a common industry, acting in a down-to-earth and responsible manner, always with an eye on the next generations.