WEILHEIM, Germany, July 27, 2016 /PRNewswire/ --
The sales has been finalized: Tubesca-Comabi, the market leader for access technology in France, will be sold to the French family-owned company Frénéhard & Michaux. The transfer of the company to the buyer is subject to approval by the French antitrust authorities, but is scheduled for September 2016. The new company will have close to 1,000 employees and is expected to generate 160 million euros in revenues.
Tubesca-Comabi is France's market leader for access technology. The company is headquartered in Trévoux Cédex and manufacturers ladders, scaffoldings and special constructions designed especially for the building trade, the general industry and aerospace service companies. The DIY sector is supplied by the Artub brand. Tubesca-Comabi employs approximately 550 individuals and generates around 100 million euros in revenues. The subsidiaries Skyworks in the Netherlands and Tendo in Spain are included in the sale.
Frénéhard & Michaux was founded in 1889. Steeped in tradition, this Normandy-based company is also a market leader in France and is specialized in supplying the building industry with attachment and safety products for roofs. With approximately 450 employees spread across eight locations, the company generates revenues of around 60 million euros.
"This acquisition will allow us to offer a comprehensive range of products to ensure work safety at great heights. We can offer every professional involved in the building and industrial sectors a well-rounded portfolio, from access products to equipment that enables work at great heights while maintaining maximum safety, because we are the specialist for all products in this field," says Jacques Frénéhard, President of the Frénéhard & Michaux Group.
The market leader for access technology and logistics products, ZARGES, was formerly associated with Tubesca-Comabi but will now be operated as an independent company.
Zarges supplies international trade and industry with aluminium products for access technology, special constructions, logistics solutions and transport and storage systems for the healthcare sector. The company generates revenues of around 130 million euros with its close to 760 employees.
Tom Kaiser, CEO of the ZargesTubesca Group, adds: "We are pleased that Tubesca-Comabi and the family-owned company Frénéhard & Michaux are able to further expand their market leadership in access technology and fall protection with this excellent range of products and services for the building trade. This makes this transaction a very positive one, also in terms of future prospects for the employees."
CEO ZargesTubesca Group
SOURCE Zarges GmbH