Georg Fischer Corp. of Schaffhausen, Switzerland, has boosted its plastic pipe systems business with two recent acquisitions. On Oct. 1 it bought German plastic-pipe manufacturer Deutsche Kapillar-Plastik, also known as Deka, and Jan. 1 will take over Wavin AG in Subingen, Switzerland, formerly a division of Wavin BV Group in Zwolle, Netherlands.
The new firm formed by the Wavin deal has been named Georg Fischer Wavin AG, and is expected to have annual sales of 80 million Swiss francs ($58.5 million), according to a news release.
The new unit will be part of Fischer's Piping Systems Group and will continue to manufacture both Fischer and Wavin brands of plastic pressure fittings for gas and water distribution systems, said Bernd Niedermann, Fischer's head of corporate communications.
The goal of the merger is to gain ``a stronger place on the market in Europe'' for both brands, Niedermann said in a Dec. 4 telephone interview. ``It is a little step [for Fischer], but I suppose in the right direction.'' Deka, based in Dautphetal-Mornshausen, Germany, also has been folded into the Fischer's Piping Systems Group.
Deka has been a longtime partner of Fischer's, supplying it with PVC, CPVC, PE and PP pipe. The German firm recorded 1997 sales of 31 million deutsche marks ($17.9 million), according to a separate Fischer news release, which added that Deka's operations will continue unchanged.
Georg Fischer Corp. reported 1997 consolidated sales of DM3.8 billion ($2.2 billion). It employs 12,000 worldwide, including 2,500 in its Piping Systems Group. The firm also has automotive products, manufacturing technology and plant engineering groups.
Fischer acquired Deka as it was selling its heavy-equipment and services divisions — Buss-SMS Verfahrenstechnik in Germany and Buss MDL Erection Services in Switzerland — to Universal Process Equipment in Robbinsville, N.J.