AFG Strengthens Building Technology Division’s Portfolio with Acquisition of Koralle Group
Leading Global law firm Baker & McKenzie has provided legal assistance to Arbonia-Forster-Holding (AFG) with its acquisition of the Koralle Group, a company specializing in sanitary facilities, from Geberit AG. The move will help the company to enhance its position in the core markets of Switzerland, Germany and Austria with a lasting effect.
“We are delighted to have assisted our client AFG on the successful signing of this transaction,” said Alexander Fischer, who led on the deal. " Once this transaction is completed, AFG will significantly increase its competitiveness and extend their product range in the Swiss, German and Austrian markets."
The Koralle Group was taken over by Geberit AG as part of the Sanitec acquisition in 2015. It primarily operates in the Swiss, German and Austrian markets, boasting more than 40 years' experience in the development, production and marketing of shower enclosures. Through this deal, The Koralle companies will be integrated into AFG's Building Technology Division. The existing brands of the Koralle Group will continue to be traded independently on the market.
AFG is a focused building supplier, specializing in heating technology, air conditioning/ventilation technology, sanitary equipment, windows and exterior doors, profile systems and special doors. Listed on the SIX Swiss Exchange, the group is active worldwide with over 40 distribution companies as well as offices and partners in more than 70 countries. Its main production sites are located in Switzerland, Germany, the Czech Republic, Poland, Slovakia and Italy, employing a total workforce of around 6200.
The Baker & McKenzie team was led by Alexander Fischer and Martin Furrer with assistance from Roger Thomi, Julia Schieber and Roger Bischof. Baker & McKenzie’s Austrian team, which was led by Gerhard Hermann and the Firm’s German team, led by Nikolaus Reinhuber, supported the transaction.