TPT May 2021

Business & market news

GF Piping Systems expands footprint in South America

GF Piping Systems has announced the acquisition of FGS Brasil Indústria e Comércio Ltda (FGS), based in Cajamar, Brazil. As a manufacturer of polyethylene piping systems, FGS serves the local water and gas distribution market and other industrial segments. The acquisition will provide GF Piping Systems with a unique platform for further growth in Brazil and the South American region. Andreas Müller, CEO at GF, said: “We warmly welcome FGS and its employees to the GF family. The acquisition is a milestone in concluding our strategy 2020 and commencing the next strategy cycle. “As a specialist in sustainable solutions for the safe transport of fluids and

in reducing water losses, we are looking forward to realising the growth opportunities together with FGS.” The acquisition of FGS is fully in line with GF Piping Systems’ strategy to expand its global presence in the fifth largest populated country in the world. Brazil is undergoing a major govern- mental initiative that includes the devel- opment of the country’s infrastructure, especially in the water and gas utility sectors. In co-operation with a domestic water utility company, both FGS and GF were already part of a large water loss improvement program by replacing the São Paulo region’s piping network. As the leading supplier of HDPE systems, GF and FGS will be best positioned to serve existing and new customers.

FGS serves the local water and gas distribution market and other industrial segments

Since 2016, FGS has almost doubled sales to approximately BRL 160mn with a workforce of 240 employees. Both parties have agreed not to disclose any financial details of the transaction. Closing was expected in the first quarter of 2021. FGS CEO Roberto Gadotti stated: “We are excited to join the GF family. This transaction will derive positive synergies and will provide a strong foundation that supports accelerated growth within numerous markets and product segments.” GF Piping Systems www.gfps.com

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