Werner acquires Zarges
By Euan Youdale16 February 2018
US-based ladder, scaffolding and low level access manufacturer WernerCo has completed the acquisition of Zarges Group, following receipt of regulatory approvals.
Zarges Group, based in Weilheim, Germany, has a workforce of approximately 800 in three production sites in Europe, selling into markets including Germany, France, Sweden, the UK, Denmark, Norway, and the Netherlands. It produces aluminium products for access, storage solutions and special construction.
“Zarges Group is a strong market player in continental Europe and will join WernerCo’s portfolio of industry leading brands,” said Edward Gericke, president of WernerCo in the Americas and acting CEO. ”Both companies operate in complementary markets with the same understanding on product quality, design and delivery. This transaction is an important milestone to continue our strategic plan to deliver innovative products and systems to our global customers.”
Mathias Schirmer, member of the advisory board of the company and Partner at Baird Capital, said “Under the ownership of funds managed by Baird Capital and Granville as well as VR Equitypartner and the management team, Zarges Group has successfully focused on its core activities and has achieved impressive improvements.”
WernerCo produces ladders, climbing equipment and ladder accessories under the Werner, Green Bull, Keller and Abru brands. It also manufactures and a line of fall protection products and jobsite and truck storage equipment under the Knaack and Weather Guard brands.
Ruth Linz, investment advisory professional and Advisor to the Triton Funds, which owns WernerCo, added, “Zarges is a great company with its focus on product innovation and quality. We are convinced about the positive development of the firm as well as the benefit for both, WernerCo and Zarges. We are looking forward to supporting the company’s growth trajectory in the coming years.”