24 January 2022
Simpson Manufacturing has announced it has submitted a binding offer with exclusivity to acquire the Etanco Group for approximately €725 million.
Etanco is a designer, manufacturer and distributor of fixing and fastening solutions for the building construction market throughout Europe, which includes innovative fasteners, connectors, anchors and safety solutions for roofing, cladding, façade, waterproofing and solar applications. For the twelve months ended 30th September, 2021, Etanco’s net sales and operating income margin were approximately €258 million and 19.7%, respectively. The acquisition is expected to close near the end of the first quarter of 2022.
“Etanco’s business of providing reputable, highly engineered technical solutions with a high focus on customer service, aligns with Simpson’s core business model and values, making Etanco an ideal acquisition to support continued growth in our European business,” said Karen Colonias, president and chief executive officer of Simpson Manufacturing Co Inc. “The acquisition of Etanco fortifies our footprint and expands our geographical reach in Europe, deepens Simpson’s portfolio of solutions with new and existing customers, and allows us to enter into new commercial building markets and grow our direct sales activity across the region.”
“We are very pleased to join the Simpson team and look forward to participating in their growth plans for the future,” said Ronan Lebraut, chief executive officer of Etanco Group. “Etanco and Simpson share the same core values of providing high-quality products and customer service, and we view this partnership as a great opportunity to broaden our product lines and further our customer and market reach.”