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2012-11-26
Gris Decoupage has demonstrated commitment to its business motto by acquiring a die-cut engineered parts manufacturer based in Herscheid in the Ruhr.
Gris Decoupage expects the growth strategy to create significant new business opportunities by giving it greater access to the German carmaker market, which is already serviced by the new acquisition. Gris Decoupage was founded in 1984 and is based in Lesménils, France. It specialises in the manufacture of mechanical components and flat or conical die-cut washers in medium or large runs. Seventy-five percent of its output is for the automotive sector and the company is a first-tier supplier to many of the world’s leading vehicle manufacturers.
Currently 35 percent of revenue comes from exports, half of this emanating from Germany, which is where its major European competitors are based. To break through, what it describes as, the economic patriotism of German manufacturers, Gris Decoupage made the strategic decision to buy Knipping Umformtechnik GmbH from the LISI Automotive Group with effect from 1st June 2012. Now renamed Gris Unformtechnik GmbH the acquisition has 10 million euros annual sales and employs 50 people to supply parts to Volkswagen, Audi, BMW, MAN, ZF and Daimler, amongst others.
The acquisition extends Gris’ product range by offering GUT’s knowledge and manufacturing skills in engineered washers and mechanical components to complement the Group’s existing capabilities.
The Group says it is also pursuing an organic growth strategy in France, having committed 5 million euros to extend its premises and install a new ultra-high-power transfer press at the end of this year.
Gris Decoupage expects the growth strategy to create significant new business opportunities by giving it greater access to the German carmaker market, which is already serviced by the new acquisition. Gris Decoupage was founded in 1984 and is based in Lesménils, France. It specialises in the manufacture of mechanical components and flat or conical die-cut washers in medium or large runs. Seventy-five percent of its output is for the automotive sector and the company is a first-tier supplier to many of the world’s leading vehicle manufacturers.
Currently 35 percent of revenue comes from exports, half of this emanating from Germany, which is where its major European competitors are based. To break through, what it describes as, the economic patriotism of German manufacturers, Gris Decoupage made the strategic decision to buy Knipping Umformtechnik GmbH from the LISI Automotive Group with effect from 1st June 2012. Now renamed Gris Unformtechnik GmbH the acquisition has 10 million euros annual sales and employs 50 people to supply parts to Volkswagen, Audi, BMW, MAN, ZF and Daimler, amongst others.
The acquisition extends Gris’ product range by offering GUT’s knowledge and manufacturing skills in engineered washers and mechanical components to complement the Group’s existing capabilities.
The Group says it is also pursuing an organic growth strategy in France, having committed 5 million euros to extend its premises and install a new ultra-high-power transfer press at the end of this year.
