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ZERO by FGV

ZERO by FGV

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17/01/24 – Official Communication – FGV and Hettich join forces

17/01/24 – Official Communication – FGV and Hettich join forces

Veduggio con Colzano, 16/01/2024

Share acquisition completed: FGV and Hettich join forces
New CEO named at FGV

The eagerly awaited acquisition of FGV Group by Hettich Group, announced in early September, has now reached its successful conclusion, marking the formal completion of the takeover (closing). In addition to the necessary approvals from the antitrust authorities, all other closing conditions for the takeover have been met. FGV and Hettich are now shaping their future together in the furniture fittings industry.

Both companies are characterized by their long-term vision, expertise in furniture fittings, presence in the same industry, and close relationships with their customers. “We are two family businesses with a combined experience of more than 200 years,” says Jana Schönfeld, Managing Director of the Hettich Group. “And together we are now more than 9,000 colleagues all over the world who use all their energy, passion and ideas to bring about the best for our customers every day. These similarities have inspired us and convinced us to want to shape our future together.”

“Hettich and FGV will complement each other with their strengths in order to continuously develop existing business activities and offer their customers even better value-added solutions,” emphasises Dr. Andreas Hettich, shareholder and Chairman of the Advisory Board of the Hettich Group, which is now a 100% shareholder in the FGV Group. Within the overall Hettich Group, Hettich and FGV will remain independent brands and companies. Customers of both companies will retain their familiar contacts.
Continuously developing together and being there reliably for the customers of Hettich and FGV is also of particular importance to Uwe Kreidel. FGV’s accomplished management team will be joined in future by Uwe Kreidel as CEO. In addition to his more than 30 years of industry, Hettich and management experience, he contributes his knowledge of the Italian market, acquired among other things in his function as Regional Director for Hettich Italia. Uwe Kreidel, now CEO of the FGV Group, is very much looking forward to his new role and working with the FGV management team: “The Formenti Giovenzana Group is a company with many great employees. I am very much looking forward to shaping the growing of FGV and Hettich together with all my colleagues. We will bring together our diverse know-how and experience and develop successfully together, as independent brands.”

Special thanks go to Silvana Riboldi, Head of Sales at FGV, and Giulia Luigetti, CFO of the FGV Group, who also acted as interim CEO during the transition phase from the previous to the new shareholders. Both made a significant contribution to the success of the process.

About Hettich
Founded in 1888, Hettich is one of today’s largest and most successful manufacturers of furniture fittings on the international stage. The family owned company is based at Kirchlengern in the furniture making cluster of Germany’s East Westphalia region. Some 8,000 members of staff in almost 80 countries work together to give the industry future proof solutions. Promising “It’s all in Hettich”, the Hettich brand provides a comprehensive portfolio of services that is consistently and resolutely geared to the needs of customers across the globe. By tradition, top priority has always been at the focus of everything we do to ensure sustainability at social, societal and ecological level. www.hettich.com

About FGV
Quality, innovation and functionality at the right price, together with “Made in Italy” design and production: this is FGV. A leading company in the production of fittings and solutions for furniture, FGV offers a complete range of products. Among them hinges, drawers, slides, hanging brackets, alternative openings and sliding systems suitable to meet the most demanding market needs.
Founded in 1947 in the heart of Brianza, in Veduggio con Colzano, FGV is now present in all continents with six production and seven distribution sites together with a network of more than 70 distributors. FGV stands for innovation in opening systems for furniture and offers state–of-the-art solutions for your home. The R&D team is committed to developing solutions where functionality and design come together in the best way, always keeping a clear focus on the optimal quality-price ratio. From product design to quality control, from equipment selection to assembly every steps of each process is meticulously taken care of. This enables FGV not only to meet customer needs but creates a true, lasting collaboration with our customers. www.fgv.it

Click here to download the FGV’s Official Communication – FGV and Hettich join forces

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05/09/23 – Official Communication – Hettich and FGV plan a joint future

05/09/23 – Official Communication – Hettich and FGV plan a joint future

Veduggio con Colzano, 05/09/2023

Hettich and FGV plan a joint future

A special step for both companies: subject to the approval of the antitrust authorities, the Hettich Group from Germany is planning to acquire all the shares in the Italian FGV Group.

Hettich and FGV want to shape their future in the industry together. The approval of the antitrust authorities is still pending. Only then will the two companies actually belong together.

Following the merger, Hettich and FGV intend to complement each other’s strengths in order to continuously develop existing business activities and offer their customers even better added value solutions. “We – Hettich and FGV – are two family-owned companies with a long history in our common sector, the furniture fittings industry. We look forward to moving into the future together soon, learning from each other and becoming even more powerful together, keeping client interest and satisfaction as absolute priority,” says Dr. Andreas Hettich, Shareholder and Chairman of the Advisory Board of the Hettich Group. “Hettich is a world market leader that, like us, has a great deal of experience in furniture fittings. FGV would like to bring its know-how and flexibility together with the Hettich Group as soon as possible in order to develop successfully together in the future and grant a bright future to FGV management and employees”, reports Renato Formenti, Chairman of the Board of FGV.

As both Hettich and FGV will remain independent brands and companies within the overall Hettich Group, customers of both companies will retain their familiar contacts even after the planned merger, so customer service will continue as usual. The experienced management teams at Hettich and FGV will ensure the necessary continuity and ongoing joint development.

“We will work together in the background in a closely networked manner in future. Our customers will continue to receive the service from their established contacts, each of whom they know and appreciate,” emphasise Silvana Riboldi, Head of Sales at FGV, and Uwe Kreidel, Managing Director Sales and Marketing at Hettich together.

Hettich and FGV share common values: two European family businesses with a long history in a common industry, acting in a down-to-earth and responsible manner, always with an eye on the next generations.

About Hettich
Founded in 1888, Hettich is one of today’s largest and most successful manufacturers of furniture fittings on the international stage. The family owned company is based at Kirchlengern in the furniture making cluster of Germany’s East Westphalia region. Some 8,000 members of staff in almost 80 countries work together to give the industry future proof solutions. Promising “It’s all in Hettich”, the Hettich brand provides a comprehensive portfolio of services that is consistently and resolutely geared to the needs of customers across the globe. By tradition, top priority has always been at the focus of everything we do to ensure sustainability at social, societal and ecological level. (source: www.hettich.com)

About FGV
Quality, innovation and functionality at the right price, together with “Made in Italy” design and production: this is FGV. A leading company in the production of fittings and solutions for furniture, FGV offers a complete range of products. Among them hinges, drawers, slides, hanging brackets, alternative openings and sliding systems suitable to meet the most demanding market needs.
Founded in 1947 in the heart of Brianza, in Veduggio con Colzano, FGV is now present in all continents with six production and seven distribution sites together with a network of more than 70 distributors. FGV stands for innovation in opening systems for furniture and offers state–of-the-art solutions for your home. The R&D team is committed to developing solutions where functionality and design come together in the best way, always keeping a clear focus on the optimal quality-price ratio. From product design to quality control, from equipment selection to assembly every steps of each process is meticulously taken care of. This enables FGV not only to meet customer needs but creates a true, lasting collaboration with our customers. (Source: www.fgv.it)

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German Design Award WINNER 2023

German Design Award WINNER 2023

QL Mini Hinge: the winner of the German Design Award WINNER 2023

German Design Award GOLD 2023

German Design Award GOLD 2023

Omnia L Hinge: the winner of the German Design Award GOLD 2023

IF Design Award 2022

IF Design Award 2022

QL Mini Hinge: the winner of the IF Design Award 2022

Christmas Holiday

Christmas Holiday

Merry Christmas and a Happy New Year from all over FGV World!
We will be closed from December 24th to January 9th

Sicam 2021

Sicam 2021

We are ready to welcome you back to the 12th edition of SICAM in Pordenone, the International Exhibition of Components, Accessories and Semi-finished Products for the Furniture Industry,

on 12-15 October 2021!

We look forward to your visit in our 135sqm stand – PAD. 5 – Stand A22 / B21!

SAVE THE DATE

06/11 – Statement on the COVID-19 outbreak

06/11 – Statement on the COVID-19 outbreak

Veduggio con Colzano, 06/11/2020
Formenti E Giovenzana SpA – Statement on the COVID-19 outbreak

Given recent developments and the measures currently being enforced by the Italian Government in response to the Covid-19 emergency, Formenti E Giovenzana SpA can confirm that all necessary precautionary measures have been taken to limit the risk of infection, to guarantee safe working conditions, to protect its employees and collaborators, and to ensure that all services offered to our Customers may continue to be provided, meeting our usual high-quality standards.

As such, our Company will continue to carry out its regular working activities as normal.

Should the current situation change, indications to such effect will be promptly provided.

Formenti E Giovenzana SpA thanks all its Customers for their loyalty. We are confident that all those involved with our Company will continue to collaborate at this time and in the future, allowing us to overcome this difficult moment together.

Formenti E Giovenzana SpA