FabriTec Structures and Guard-All Building Solutions partner with PFEIFER´s business unit, Cable Structures, and its subsidiary Covertex
Announcing a new Global Force in the Design, Engineering, Fabrication and Installation of complex Cable & Tensile Membrane Structures and Light Weight Building Envelope Solutions
Dallas, TX / Memmingen, Germany (May 2, 2016)
We are delighted to announce that PFEIFER Seil- und Hebetechnik GmbH, with its business unit, Cable Structures, the world leader in the design, manufacturing and construction of architectural cable structures has acquired an ownership interest in the Dallas, Texas based FabriTec Structures and Guard-All Building Solutions.
Last year, German-based PFEIFER acquired the Shanghai-based Covertex, an industry leader in PTFE, PVC and ETFE membrane manufacturing and in March 2016 acquired Austrian-based ErneuEner-Plus (now PFEIFER Systems), a specialist in retractable and movable structures.
By combining these new acquisitions, PFEIFER, with its rich history and enduring 400-year-long reputation, is creating a global organization with unparalleled technical and commercial experience and manufacturing resources. PFEIFER now becomes the most integrated light weight structure specialist in the world. These new alliances will further enhance PFEIFER Group’s capabilities to undertake large iconic projects around the world.
"This is a transformational deal for both companies that combines two best-in-class industry leaders to form a fully integrated organization capable of delivering turn-key services from project concept to completion.
We are now the only specialty construction company in the world with the capabilities and experience to manufacture cables, stainless steel hardware, structural steel as well as ETFE, PTFE and PVC membrane fabrication on a very large scale and a team to design, supply and install retractable and movable systems.
By combining our financial resources, together with our technical, commercial, manufacturing and installation capabilities, we have the ability to cost effectively execute a wide range of projects from small and simple to very large and complex."
Mr. Gerhard Pfeifer, President of the PFEIFER Group
"This new strategic alliance with PFEIFER will allow FabriTec to achieve its long term goal… to become the preferred vendor on major iconic stadium projects throughout North and South America, as well as providing PFEIFER with additional resources for its other global pursuits.
Today we have the most experienced, vertically integrated, sales, pre-construction, engineering, manufacturing and construction team in North and South America.
Together with PFEIFER our specialty construction group has unparalleled ability to offer a complete, turnkey portfolio from design, engineering, steel, cable and membrane fabrication, to project management and construction with warranty and post-completion services to all our customers.
You couldn’t have a better marriage of two companies that complement each other’s skill sets, capabilities and approach to doing business the right way."
Mr. Basil Haymann, Chairman of FabriTec Structures
The merged PFEIFER Group of Companies will have about 1,400 employees operating out of 20 different countries.
The companies’ management in the new partnership will remain with Mr. Basil Haymann as the Chairman of FabriTec with Mr. Garry Becker as President and Mrs. Dot Haymann will remain the Chairman of Guard-All with Mr. Peter Bielefeld as President. The North American head office will remain in Dallas-Texas with satellite offices in Buffalo-NY, Tustin-CA, Saskatoon-Saskatchewan-Canada, Toronto-Ontario-Canada and an office servicing Latin & South America in Guadalajara-Mexico.
PFEIFER´s business unit, Cable Structures, with its head office in Memmingen-Germany, now has its presence all over the world with offices in Shanghai-China, Singapore-Malaysia, Doha-Qatar, Satteins-Austria and the new organization in North America.