Hettich announces merger with FGV Group

The Hettich Group, based in Germany, plans to acquire all shares in the FGV Group, an Italy-based hardware manufacturer, pending approval of antitrust authorities.

Following the merger, Hettich and FGV intend to complement each other's strengths to continuously develop existing business activities and offer their customers added-value solutions.

"We, Hettich and FGV, are two family-owned companies with a long history in our common sector, the furniture fittings industry. We look forward to moving into the future together soon, learning from each other and becoming even more powerful together, keeping client interest and satisfaction as absolute priority," Andreas Hettich, a shareholder and chairman of the Hettich Group’s advisory board, said in a statement.