The Bossard Group has signed an agreement to take over the Ferdinand Gross Group and expand its presence in Germany and Eastern Europe. The Ferdinand Gross Group is headquartered in Leinfelden-Echterdingen and is one of the leading distribution companies for fastening technology in Germany.
The Ferdinand Gross Group, which is celebrating its 160th anniversary this year, employs around 260 people and operates its own locations in Hungary and Poland in addition to Germany.
With the intended takeover of the Ferdinand Gross Group, which expects net sales of around EUR 80 million for the current financial year, Bossard will further expand its market presence in Germany and Eastern Europe. In combination with Bossard Germany, which is a distribution company for customer-specific fastening technologies, Bossard will be able to serve its customers in Germany and Eastern Europe even more comprehensively.
"I am looking forward to the upcoming collaboration with our new colleagues. The planned takeover of the Ferdinand Gross Group not only brings together two companies with a long tradition, but also two strong partners who represent common values and business philosophies - in the spirit of ‘Proven Productivity’," said Daniel Bossard, CEO of the Bossard Group.
