Door and window hardware components are manufactured at two locations in Italy and in China. Sealing and extrusion products are manufactured in Germany, Brazil, Australia and two locations in the UK.
With the emphasis on quality, innovation and design, SchlegelGiesse offers an integrated “one-stop solution” of hardware and sealing components for both residential and commercial applications.
Products have been developed for the specific requirements of each market and supplied either directly or via light assembly and distribution facilities in Spain, Greece, UAE, India, Argentina, New Zealand and Western Australia to provide the best possible service in all territories.
Acquisition of Reguitti
On 31 August 2018 Reguitti, a manufacturer of door hardware sold under the Reguitti, Tropex and Jatec brands, was acquired by SchlegelGiesse.
The acquisition brings a design led range of interior door and timber hardware to the Division and is consistent with SchlegelGiesse’s ambition to offer a ‘one stop shop’ to customers in all markets. Reguitti is based in Agnosine, Italy.
In 2017 the two Giesse facilities in Bologna, Italy, were consolidated onto the larger manufacturing site, with an offsite logistics warehouse retained for the storage and dispatch of finished goods.
New general managers were appointed during the year in Australasia, Brazil, China and the Middle East and a new Divisional CFO was recruited. As at 31 December 2017, in aggregate €7.6 million of synergy benefits have been recorded from the Giesse acquisition, €0.7 million of which have been recorded below Underlying Operating Profit and €2.2 million of which relate to incremental cross selling of products within the Division and the Group. The delivered synergies represent an increase of approximately 90.0 per cent over the original targets put in place at the date of the acquisition. Total costs of the integration of Schlegel and Giesse incurred since acquisition were €2.7 million