Alfa Gomma Group acquires Hiflex Europe Group
15 Jan 2016
On January 8, 2016 ALFAGOMMA Group, leader in the production and distribution of industrial hoses, hydraulic hoses and manipulated tube assemblies, acquired Hiflex Europe Group, a group founded in the UK with a long history of supplying hose and manipulated tube assemblies to global OEMs (Original Equipment Manufacturers).
Hiflex Europe Group contributes 40 million euro turnover to ALFAGOMMA Group working with prestigious and important clients. Hiflex Europe Group has over 320 staff and three production plants in Sunderland and Salisbury, England, and Ettlingen, Germany, strengthening ALFAGOMMA Group’s presence in German and UK markets.
This acquisition proves our willingness to grow coherently within our business model: a solid production base with cutting-edge plants and the local service that can meet the expectations of world class OEM groups, demanding irreproachable quality combined with the flexibility and responsiveness that only a worldwide presence can guarantee – say the brothers Enrico and Guido Gennasio, shareholders and Group Chief Executives of ALFAGOMMA Group – We are proud to consolidate the presence of our Italian company on the world markets. We expect this acquisition will further contribute to our objectives of always maintaining the maximum level of customer satisfaction and of becoming the best strategic supplier for our customers. Furthermore, with this acquisition, our goal of reaching 400 million euro turnover in 2016 appears much more achievable; however, the ambitions should not stop here. -.
Being one of the leaders on the world market for hoses and fittings since the 1970s and possessing the universally recognized brands, synonymous with high quality (Dunlop Hiflex, Argus), Hiflex Europe together with Dunlop Hiflex, acquired by ALFAGOMMA Group in 2005, is now returning to the international scene.
ALFAGOMMA Group will integrate the Hiflex Europe Group in a managed way over a period of time. The Hiflex Europe Group companies will continue to operate as Argus Fluidtechnik GmbH and Argus Fluidhandling Limited. The current management teams will continue to run the businesses with the exception of Mr David Oldham, former Chairman of Hiflex Europe Group, who retires at the end of January 2016.
Hiflex Europe Group will benefit from the extensive technical and financial resources of the ALFAGOMMA Group, which celebrates its 60th anniversary this very year.
ALFAGOMMA Group, composed of the parent company Alfa Gomma S.p.A. and companies under its direct and indirect control, is a multinational company, leader in the manufacture of hydraulic hoses, industrial hoses and manipulated tube assemblies. The Group now has its direct presence in 5 continents and in 20 countries, with 72 sales subsidiaries, 2.660 staff and a 365 million euro turnover. ALFAGOMMA Group, which was originally established as Alfa Gomma S.p.A. in 1956 in Italy, currently has eight production plants: five in Italy, two in Malaysia and one in China. It also has a widespread and efficient distribution network created from setting up new distribution companies, acquiring existing distribution companies and signing exclusive commercial/distribution agreements with other major companies.
Hiflex Europe Group was established in 2004 following a management buyout from the UniPoly (formerly BTR) Group of companies. The trading businesses have achieved significant growth over the last 12 years and been rewarded with a number of prestigious awards from its OEM customer base over recent years. The Group is well known for its technical expertise and its innovative and responsive approach in providing engineering solutions to its customers.
For more information please contact Alfa Gomma by email; haydock.sales@alfagomma.com and tel; 01942 407680