Tools and consumables supplier FÖRCH acquires Ziebe in UK
The FÖRCH Group has continued its above average growth with the acquisition of its UK-based affiliate, Ziebe.
The group from Neuenstadt in Germany has acquired 100% share capital of its export partner which supplies a multitude of automotive parts, consumables, tools and equipment.
FÖRCH acquires Ziebe
As a result of the acquisition, FÖRCH products are now distributed by 23 companies across Europe.
Ziebe has been active in the UK market since 2002 and primarily serves automotive customers. The company has 15 employees and generates annual sales of circa £1.5 million.
Ziebe managing director Terry Slade, who will continue to operate in the role in unison with Andreas Pescht, FÖRCH Group managing director, said as FÖRCH acquires Ziebe:
“Our business continues to operate as usual and will continue to offer excellent service to the trade, and we look forward to enhancing our product range and services to optimise the customer experience.
Pescht added: “This acquisition further enhances the FÖRCH parts distribution business and provides a solid platform for continued growth across Europe and in particular provides direct access for an increase in market share of the high-potential of the UK market place.”
About FÖRCH
FÖRCH is a leading German supplier of products for trade and industry, with a consolidated annual turnover of €582 million (£480m). The current company headquarters in Neuenstadt am Kocher is located close to the original location of the direct sales business, which was founded by Theo Förch inside a barn at his parents’ farm in 1963.
Today, the product range includes more than 100,000 workshop, assembly and fastening products.
