NIEDAX GROUP expands US market activities through the acquisition of MonoSystems
RYE BROOK, New York, USA – NIEDAX GROUP announces the acquisition of MonoSystems effective December 31, 2020. MonoSystems is a leading producer of cable management systems in the North American market based in New York State.
In addition to the existing Niedax locations in the U.S., Mexico and Canada, the transaction further expands NIEDAX GROUP’s presence in North America and places it among top five manufacturers in the North American cable management market.
“With approximately a quarter of the global cable management market, the U.S. offers significant opportunities. The acquisition of MonoSystems complements our existing portfolio in one of the most important growth markets. As a result of our additional production site in Buffalo, we are now more flexible and closer to our customers,” says Bruno Reufels, CEO of NIEDAX GROUP, who is making one of the largest investments in the company’s 100-year history. “Especially in economically difficult times, it is important to invest. This is how you come out of a crisis in a stronger and more resilient position”, he added.
Jordan Handler, Owner of MonoSystems, emphasized, ” We are pleased that NIEDAX GROUP has recognized our diversified product offering and flexible manufacturing capabilities for cable management systems, and that we will benefit from the group’s continuous growth.”
The NIEDAX GROUP is a globally operating family-owned business that stands for tradition and innovation. With around 2,000 employees worldwide, the group has established itself as a world market leader in the manufacturing of cable management systems made out of metal. With 100 years of experience in the production of electrical installation materials, the NIEDAX GROUP today offers a wide range of over 50,000 products in more than 30 countries across the globe.