Italian company Giesse is bought by the door and window parts supplier Tyman PLC (www.tymanplc.com) to expand its international business. Tyman said it was buying the Bologna-based aluminium window and door hardware maker to add it to its Schlegel international division. This gives the group an initial presence in the manufacture and supply of hardware components to the aluminium window and door industry in Europe and gives them both access to a number of new markets around the world.
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The two companies are an excellent fit, extending the Group’s range of engineered components for the door and window markets around the world. “We are bringing together two well-known industry brands and the new business now combines both hardware and seals in a‘One-stop Shop’ offer.” Said Peter Santo, CEO, Schlegel. The groups have strong plans to use combined strengths to bring all their customers new opportunities in the future. Seals and hardware are the two most important components in the weathering performance of a window and door. Their combined development is an obvious way forward especially as building regulations every where continue to improve For Schlegel and Giesse, their major markets are in Europe, but both have growing new businesses in South America and, whilst Schlegel are strong in Australia and New Zealand, Giesse have a greater presence in China, the Middle East and India,meaning the new combined business will have access and real synergy opportunities in a number of new markets.