suki group acquires VT Fastware

suki group has acquired the French group VT Fastware (Vynex, Tréfilaction, FTV-Asia). Both organisations are active in the distribution of DIY products (hardware, hand tools, self-adhesives and other DIY essentials).

Sebastian Laus, CEO of suki group said: “I’m happy to welcome VTF in the growing suki group. The acquisition of VTF is a unique opportunity for the future of the two groups. Together, we will even be better able to serve our customers in different regions and sales channels”

Hervé Hacot, CEO of VTF added: “The DIY market is becoming increasingly global and more and more complex with new skills to be developed to meet increasing demands. With suki group we found the ideal and fully complementary partner in Europe, geographically and in terms of product ranges, with hardware as a common point. In all other ranges we will be able to take advantage of our individual skills.”

All existing activities and sites of VTF and suki group will be preserved; no reduction or contraction of activities is envisaged. suki group and VTF wish to further strengthen their development and innovation resources. “The grouping of our companies will enable us to pool and extend our efforts in marketing and purchasing.” says Sebastian Laus.

The management team of VTF will remain in place in its entirety and work jointly together with the suki group board; Hervé Hacot will remain CEO of Vynex and Tréfilaction, Sebastian Laus is the CEO of the enlarged suki group.