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Suki Group Acquires VT Fastware (VTF)

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  • suki group (suki.international, Facido, DBM.S) acquires the French group VT Fastware (Vynex, Tréfilaction, FTV-Asia).

Both, suki group and VTF, are active in the distribution of DIY products (hardware in a wider context, hand tools, self-adhesives and other DIY essentials). The two groups share common values and visions of the challenges and future opportunities in their markets.

Sebastian Laus, CEO of suki group: “I’m happy to welcome VTF in the growing suki group. The acquisition of VTF is a unique opportunity for the future of the two groups. Together, we will even be better able to serve our customers in different regions and sales channels”

Hervé Hacot, CEO of VTF: “The DIY market is becoming increasingly global and more and more complex with new skills to be developed to meet increasing demands. With suki group we found the ideal and fully complementary partner in Europe, geographically and in terms of product ranges, with hardware as a common point. In all other ranges we will be able to take advantage of our individual skills.”

Above all, suki group strongly supports the industrial relocation project initiated by Vynex and this should become a major accelerator for the group. Sebastian Laus: “We are excited to become through VTF’s initiative producers of high-quality woodscrews ‘made in Europe’”.

For Vynex, this is a major opportunity to further strengthen its ROCKET® brand, the main brand of technical wood screws for the building and renovation industry in France. This prospect of international sales development will help to consolidate the industrial relocation plan in France and consequently to increase the volumes produced in the Ardennes through growth. Herve Hacot: “Together, we are eager to distribute ROCKET® through suki’s European wide structures and subsidiaries.”

Additionally, suki group business units Facido (multichannel provider for many innovative DIY manufacturers of decoration, flooring and sanitary ranges) as well as DBM.S (Merchandising organisation in many European countries) will deliver further synergies and opportunities. 

Finally, VTF's packing centres in China and Vietnam will of course offer their services to suki group; more generally, a sharing of suppliers in Asia will allow to improve the management of the supply chain of both groups.

For obvious reasons of complementarity, all existing activities and sites of VTF and suki group will be preserved; no reduction or contraction of activities is envisaged. suki group and VTF wish to further strengthen their development and innovation resources. “The grouping of our companies will enable us to pool and extend our efforts in marketing and purchasing.” says Sebastian Laus.

The management team of VTF will remain in place in its entirety and work jointly together with the suki group board; Hervé Hacot will remain CEO of Vynex and Tréfilaction, Sebastian Laus is the CEO of the enlarged suki group. https://group.suki.com/en

Source : suki group

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20 July 2022

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