Franke is a company that never stands still. Here you can find the latest news.
Manchester, January 9, 2020 – Franke UK has announced that it has acquired Ashford-based distributor Sinks & Things through a share sale that was completed on the 6th January 2020.
Aarburg, October 15, 2019 – Martin Wyser, General Counsel of Franke Group, will move to the Artemis Group on January 1, 2020, where he will be responsible for domestic and foreign real estate business. He will also become a member of the Management Board of the Artemis Group. Martin Wyser will be replaced as General Counsel for the Franke Group by Marcel Enz. Additionally, the CFO of the Artemis Group, Christian Mäder, will take over the Artemis Asset Management Group. These changes will coincide with the partial retirement of Dr. Michael Soormann, a long-standing member of the Artemis Group Management Board and President/CEO of the Artemis Asset Management Group.
Aarburg, September 13, 2019 - The Franke Group appoints Marco Zancolò as the new Head of the Franke Coffee Systems division and at the same time as a member of the Group Management.
Aarburg, August 29, 2019 - In the first half of 2019, the Artemis Group can look back on mixed results of its four business activities Franke Group, Artemis Real Estate Group, Feintool Group and Artemis Asset Management Group. In the period under review, it achieved consolidated net sales of CHF 1,556.1 million – and recorded an increase of CHF 57.1 million or 3.8% over the same period prior year. In organic terms, this corresponds to a decline of 4.0%. Negative currency effects totaled 2.2%. This development was offset by the two acquisitions Chain Link Services (Franke Group) and Stanzwerk Jessen (Feintool Group), which led to a 10.0% increase in sales.
Aarburg, July 18, 2019 - The Swiss Franke Group welcomes Dalla Corte S.R.L., a premium coffee machine manufacturer from Italy, into its family of companies. With this strategic partnership, Franke is expanding its range of professional coffee machines with traditional espresso machines. The two companies will continue to operate on the market independently in the future.
Aarburg, May 21, 2019 – The Artemis Group achieved organic growth once again in the reporting year. The positive long-term economic development in a number of the Artemis Group's key markets slowed down after the summer of 2018, which had a negative impact on business performance. Many impairment losses on goodwill, intangible assets, and property, plant and equipment had to be recognized. In addition, the reporting period included high restructuring and start-up costs for the strategic important synthetic-sink production site of the Franke Group in Slovakia, along with two plant closures.