WernerCo (Triton) has signed an agreement to acquire ZARGES Group (Granville, Baird Capital, VR Equitypartner)
WernerCo has signed an agreement to acquire ZARGES Group. Following the acquisition, WernerCo, with leading positions in various markets around the world, will become the manufacturer and distributor of access products, packaging and transportation and light duty construction equipment across Europe. The transaction is subject to regulatory approval, and the parties have agreed not to disclose the purchase price or further details of the transaction.
The ZARGES Group, based in Weilheim (Germany), operates internationally with three production sites in Europe. Innovative technologies and strong expertise in high-quality materials make ZARGES a leader in major business sectors such as professional access, packaging/transportation/storage and special construction.
“We are very proud to welcome the ZARGES Group into WernerCo. Our two companies share the same philosophy on product quality, delivery and design, while operating in complementary markets. ZARGES Group is a strong leader in continental Europe and the ZARGES brand will join WernerCo’s portfolio of industry leading brands. This important transaction continues our strategic plan to deliver new and innovative products to our customers globally,” said William T. Allen, Chairman of WernerCo.
“Under the ownership of funds managed by Baird Capital and Granville as well as VR Equitypartner GmbH and the management team ZARGES Group has successfully focused on its core activities and has achieved impressive improvements”, said Mathias Schirmer, member of the advisory board of the company and Partner at Baird Capital. “With a strong brand and an excellent market positioning in Europe ZARGES Group is well equipped for the future and will have plenty of new opportunities in its future partnership with WernerCo.”
About ZARGES GmbH
ZARGES GmbH, based in Weilheim in Bavaria, is a global player with a workforce of approximately 800 in 3 production sites in Europe. Innovative technologies and established experience with high-quality aluminium make ZARGES the leading company in the three major business sectors: Professional Access – Packaging, Transportation, Storage – Special Construction. ZARGES products combine the multiple benefits of aluminium such as high stability with low weight, corrosion resistance and flexibility of use. ZARGES has the right solution for every demand and can also offer customised solutions. Regardless of whether they are from industry, craftsmen, services or trade, the customers value ZARGES as a reliable partner and benefit from the quality, expertise and comprehensive service that they enjoy for many years after purchasing ZARGES products.
WernerCo is a fully-integrated, international manufacturer and distributor of access products, fall protection equipment, secure storage systems and light duty construction equipment. Its portfolio of industry leading brands include Werner, KNAACK®, WEATHER GUARD®, Youngman®, BoSS®, Centaure, Duarib, Haemmerlin and Bailey. WernerCo has manufacturing, warehousing, sales, distribution and office facilities in the United States, Australia, Canada, China, France, Hungary, Mexico, Philippines, Vietnam and the United Kingdom. Werner’s global headquarters are in Schaffhausen, Switzerland and its US headquarters are in Greenville, Pennsylvania.