GF Piping Systems: Strategic Reinforcement
Georg Fischer AG, Schaffhausen, Switzerland, is taking over all the capital shares of JRG Gunzenhauser AG, Sissach, Switzerland. JRG is a leading supplier of domestic and heating water supply systems. In 2007, it achieved sales of CHF 110 million with around 400 employees. The acquisition is an important strategic step for GF Piping Systems to reinforce its position in the building technology market. Subject to approval by the cartel authorities, the takeover ought to be concluded in the third quarter of 2008.
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