On September 25, 2017, Thermador Groupe acquired the French company FGinox. With a reported turnover of €14.6m in 2016, FGinox sells a wide range of fittings, industrial valves, flanges and fasteners in stainless steel that will reinforce Thermador group’s industrial portfolio.
As of 2018, the industrial valves business will account for almost 30 % of Thermador group’s consolidated turnover with Sferaco, Sectoriel, Thermador International, Sodeco Valves and FGinox. This will help to substantially reduce the risks linked to the cyclical nature of the construction market. Thermador group’s consolidated turnover in Europe and Africa will also receive a boost in 2018 and reach around 16% of the total turnover, compared to the 8% reported for the first half of 2017.
Philippe Bernardet will remain CEO at FGinox, a role he has occupied for 8 years, and will immediately be joining Thermador group’s industrial valve team to make an important contribution to growth targets and rapidly implementing sales, purchasing, logistics and organizational synergies.
