David Dean as successor to the retiring chairman Dr. Thomas Schmuckli
Dr. Thomas Schmuckli will not stand for re-election to the board of directors of Bossard Holding AG. The board will propose David Dean as his successor at the upcoming annual general meeting of shareholders on April 11,2025.
David Dean has been a member of the board of directors of Bossard Holding AG since 2019. He chairs the compensation committee and is a member of the audit, risk and compliance committee. Prior to that, he served the Bossard Group for 15 years as CEO and 7 years as CFO. Thanks to his many years of experience on the board of directors and the executive committee, he is very familiar with Bossard's strategy, business model and corporate culture, and is therefore optimally prepared to promote the successful further development of the Bossard Group.
Dr. Thomas Schmuckli has been a member of the board of directors of Bossard Holding AG since 2000 and chairman of the board of directors since 2007. With him, a personality who has shaped the company with judiciousness, diligence, experience and foresight is leaving the highest management body. The board of directors would like to take this opportunity to thank Dr. Thomas Schmuckli for his many years of outstanding commitment and his exceptional service to the Bossard Group.
Bossard expands its presence in Germany and Eastern Europe
The Bossard Group has signed an agreement to acquire the German Ferdinand Gross Group. Headquartered in Leinfelden-Echterdingen, the Ferdinand Gross Group is one of the leading distributors of fastening technology in Germany. The Ferdinand Gross Group, which is celebrating its 160th anniversary this year, employs around 260 people and also operates locations in Hungary and Poland.
With the contemplated acquisition of the Ferdinand Gross Group, which expects net sales of around EUR 80 million for the current financial year, Bossard will further expand its already strong market presence in Germany and Eastern Europe. In combination with Bossard Germany, a leading distributor of customized fastening technologies, Bossard will be able to serve its customers in Germany and Eastern Europe even more comprehensively.
“I eagerly look forward to the upcoming collaboration with our new colleagues. The planned acquisition of the Ferdinand Gross Group not only brings together two companies with a long tradition, but also two strong partners who share common values and business philosophies – in the spirit of “Proven Productivity”,” says Daniel Bossard, CEO of the Bossard Group.
“Bossard is the ideal partner for the Ferdinand Gross Group and our employees to forge a joint path into the future. The strengths of both companies will form the basis for accelerating our growth and expanding our range of products and services, while ensuring that our customers continue to receive first-class service,” said Gerald Hering, Managing Director, who leads the company in the fifth generation.
The closing of the transaction is expected in the first quarter of 2025 and is subject to the approval of regulatory authorities and other customary closing conditions. The acquisition will be financed through the use of existing credit facilities.