AmesburyTruth™ Parent to Acquire the Giesse GroupMarch 15th, 2016 by Penny Stacey
Tyman Plc, the parent company of Edina, Minn.-based AmesburyTruth, has entered into an agreement to acquire the Giesse Group, which is composed of GSG International S.p.A and Giesse North American (GSNA). GSNA, a supplier of hardware systems for the aluminum Euro Groove window market, will be unified with AmesburyTruth, according to the company.
The acquisition will enable AmesburyTruth to broaden its commercial product portfolio and further penetrate the commercial market segment, according to a news release issued today.
GSNA includes a distribution and technical support center in Blountville, Tenn., where products are shipped daily to commercial door and window manufacturers across the U.S. and Canada. GSNA sources its products from GSG International S.p.A. which will be united with Schlegel, a subsidiary of Tyman Plc.
“We look forward to the opportunity to expand our commercial presence in North America,” says AmesburyTruth president Jeff Graby. “Giesse is a good fit for our business as their objectives align well with the AmesburyTruth mission. Innovation is at the heart of what we do.”
“The team is eager to broaden our product portfolio by offering Euro Groove hardware to existing commercial customers,” adds Mike McCann, senior vice president of sales and marketing for AmesburyTruth. “This is also a great opportunity to provide new solutions for former Giesse customers.”