Simpson Strong-Tie Acquires ETANCO Group
Simpson Strong-Tie has completed the acquisition of the ETANCO Group, a designer and manufacturer of fixing and fastening solutions for the European building construction market.
“ETANCO is a highly successful and profitable company with a 70-year history and well-established brand and market position,” Karen Colonias, CEO of Simpson Strong-Tie, said.
“We believe its extensive and complementary product offering will strengthen our overall product portfolio in Europe, enabling us to deliver even more value to our customers.”
Both businesses were established in the 1950s.
“ETANCO and Simpson have a very similar DNA as we’ve both built our business on high-quality products and unmatched customer service. Collectively, we can expand and optimize our European footprint while introducing new products to our combined customer base,” said Ronan Lebraut, president of ETANCO Group.
According to Simpson Strong-Tie, the acquisition will allow for an expanded product portfolio and a stronger presence in existing markets.
As expressed by the company, it will expand its market channel reach in Europe and improve building envelope solutions for industrial and commercial construction.
In the near future, there will be no changes to the ETANCO Group or Simpson Strong-Tie Europe business, product lines, production, brands, or employees.
Simpson Strong-Tie and ETANCO Group management teams are collaborating to develop a joint strategy for the future that will ensure a seamless operation for customers.
“Our goal is to combine the companies in a way that takes advantage of our respective strengths in the marketplace and in service of our customers,” said Michael Andersen, Simpson Strong-Vice Tie’s President of European Operations.
“Both ETANCO Group and Simpson Strong-Tie customers can expect the same level of high-quality products and service as they have received in the past.”
“We are excited to welcome ETANCO Group employees to Simpson Strong-Tie and look forward to growing the business together,” Colonias added.