Ennepetal,Germany. The internationally active door system manufacturer DORMA has made a strategic entry in the Israeli market. Initially, this involves the acquisition by DORMA of 30 percent of the shares in Rafi Shapira & Sons Ltd., a privately owned family business located in Rishon Lezion that specialises in project business and glass applications.
DORMA is a trusted global partner for premium access solutions & services enabling better buildings. With more than 100 years of tradition behind it, DORMA has developed in revenue terms into the world market leader in door controls, movable walls and glass fittings and accessories. The economic conditions in Israel are good with the construction sector having entered a growth phase. Investments in both home-building and commercial construction increased by over 10 per cent in 2010 compared to the previous year. “By entering into this joint venture with Shapira, DORMA intends to participate in this expanding market. Shapira has a good distribution network and enjoys a strong position in the project business,” explained DORMA CEO Thomas P. Wagner.
“With DORMA’s wide range of premium quality products, we have joined forces with the best possible partner, enabling us to offer our customers tailormade solutions,” says Rafi Shapira’s owner Izik Shapira. With a workforce of 170 employees and annual revenues of about EUR 9 million, Shapira has outstanding expertise in the important project business. For its part, Shapira will gain an opportunity to significantly expand its own portfolio in the distribution segment through know-how and product transfer from DORMA as the world market leader and enabler of better buildings. By exhausting identified synergies within the DORMA network, this step will ensure that the joint activities of the companies are permanently strengthened within Israel, enabling the partners to quickly assume the position of local market leader for premium access solutions and services.
“By entering into this joint venture with Shapira, DORMA intends to participate in this expanding market. Shapira has a good distribution network and enjoys a strong position in the project business,” explained DORMA CEO Thomas P. Wagner.
Ennepetal, 21 December 2011
DORMA offers reliable quality as a global partner for premium access solutions and services – conceived and designed to enable better buildings. With more than 100 years of tradition behind it, DORMA has developed in revenue terms into the world market leader in door controls, movable walls and glass fittings and accessories. In the automatics segment too, the company is a member of the world elite. DORMA is also a successful player in the security, time management and access control segment and the number one in Germany for emergency exit control and escape route security systems. DORMA maintains major production plants in Europe, Singapore, Malaysia, China and North and South America. With an international workforce of around 6,600 employees, the Group realised sales of €944 million in fiscal 2010/11 (June 30). The DORMA Group headquartered in Ennepetal, Germany, operates on an international scale with 71 wholly-owned companies in 49 different countries.
Rafi Shapira& Sons Ltd.
Rafi Shapira& Sons Ltd. is a privately owned family business that was established in 1967 and operates nationwide with two facilities in Israel, one in Rishon Lezion and the other in Ashdod. The company’s main activities are currently related to project business and glass applications. With a workforce of 170 employees, the company generates annual revenues equivalent to roughly EUR 9 million. DORMA has been co-operating successfully with Shapira since the beginning of 2010.