Simpson Manufacturing Co. submitted a binding offer to acquire the Etanco Group for $818 million.

Founded in 1952, Etanco supplies fasteners, connectors, anchors and safety solutions for roofing, cladding, façade, waterproofing and solar applications for the construction market throughout Europe. For the twelve months ended September 30, 2021, Etanco’s net sales totaled $291 million. Web: EtancoGroup.com

“The acquisition of Etanco fortifies our footprint and expands our geographical reach in Europe, deepens Simpson’s portfolio of solutions with new and existing customers, and allows us to enter into new commercial building markets and grow our direct sales activity across the region,” stated Simpson CEO Karen Colonias.

“Our ability to leverage Etanco’s commercial building business further balances Simpson’s product portfolio and directly aligns with our key growth initiatives focused on expanding into commercial building offerings and building a leadership position in fastener solutions.”

Leveraging Etanco’s leading market position in Europe, Simpson intends to expand its portfolio of solutions, including mechanical anchors, fasteners and commercial building envelope solutions, as well as significantly increase its market presence across Europe.

Founded in 1956, Simpson, through its Simpson Strong-Tie Co. subsidiary, manufactures structural connectors, anchors and products for construction and retrofitting.  Simpson has 2,500 employees and is headquartered in Pleasanton, CA.  Web: StrongTie.com