Georg Fischer Strengthens Position in Canada
Georg Fischer acquires the business activities of Alfa Plastics Inc. in Brampton (Toronto), Ontario.
The company is a specialized distributor of plastic pipes, fittings and valves for water treatment, chemical processes and other industrial applications with annual sales of about CHF 4.5 million and 20 employees. Alfa Plastics has worked together with GF Piping Systems for the past 20 years and is currently an important distribution partner in Canada.
The company will be renamed Georg Fischer Piping Systems Ltd. and will be responsible for managing the Piping Systems activities in Canada. The new company is expected to be transformed from its present business as a distributor to a wholly owned sales, service and stocking point for Canadian customers. In addition it will be used as a platform to provide current Canadian utility distributors with enhanced service and support on products from the recently acquired Central Plastics Company in Oklahoma, the leader in piping systems for gas and water distribution in North America. The transaction is expected to be completed in the third quarter of 2008.
About Georg Fischer
Georg Fischer is focused on its three core businesses GF Automotive, GF Piping Systems and GF AgieCharmilles.
Founded in 1802, the company is headquartered in Schaffhausen, Switzerland, and has over 140 locations worldwide including 50 production facilities. With some 13,000 employees, it generated annual sales of 4.5 billion Swiss francs in 2007.
The Corporation makes a direct contribution to the quality of life: Mobility, comfort and precision are key market requirements that we satisfy with our products and services.
Source: Georg Fischer AG