Bossard Group has successfully completed the acquisition of Ferdinand Gross Group of Germany
Bossard Group, a leading player in fastening technology, has announced plans to acquire Ferdinand Gross Group, a leading distributor in Germany. The acquisition is expected to close in the first quarter of 2025.
The Ferdinand Gross Group, headquartered in Leinfelden-Echterdingen, Germany, celebrates its 160th anniversary this year and currently employs around 260 people. The company, which also extends its operations to Hungary and Poland, expects to achieve net sales of approximately €80 million in the current financial year.
Daniel Bossard, CEO of Bossard, expressed keen anticipation for the acquisition, highlighting the shared heritage and values of the two companies. He stressed that the merger has synergies and aligns with Bossard's "Proven Productivity" philosophy.
He said the merger will leverage the strengths of both parties to accelerate growth and expand the range of products and services offered to customers without compromising service quality.
