GF Piping Systems, a GF division, announced the acquisition of FGS Brasil Indústria e Comércio Ltda. (FGS), Cajamar (Brazil). As a manufacturer of polyethylene piping systems, FGS serves the local water and gas distribution market and other industrial segments. The acquisition will provide GF Piping Systems with a unique platform for further growth in Brazil and the South American region.
Founded in 1997 and privately owned by two main shareholders, FGS became Brazil's leading manufacturer of high-density polyethylene pipes (HDPE), fittings and additional equipment within a few years. After the inauguration of a new production site in Cajamar near São Paulo in 2013, a second plant opened up in the Greater Recife/Pernambuco area in 2019.
“We warmly welcome FGS and its employees to the GF family,” said Andreas Müller, CEO of GF. “The acquisition is a milestone in concluding our strategy 2020 and commencing the next strategy cycle. As a specialist in sustainable solutions for the safe transport of fluids and in reducing water losses, we are looking forward to realizing the growth opportunities together with FGS.”