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Franke Group history
Franke Group company history timeline
Introduced in 1979, the compa ct sink system added to Franke's standing as one of the world's leadi ng sink producers.
Egon Franke retires from active management in 1981.
Michael Helbig is appointed second managing director next to Gerhard Groz in 1982.
In 1984, Franke acquired century-old coffee machine producer Augsberg er.
The rapid success of this subsidiary led the company in 1988 to restructure its operations into several core divisions, including Kitchen Systems, Washroom and Sanitary Facilities, and Coffee Systems.
In 1989, his son and the current owner Michael Pieper joined the company.
Franke introduces the Flüsterlager® in 1990, a consistent upgrade on the Wire Race Bearings.
1990 The first McDonald's restaurant opens in Moscow.
The aluminium roller guide is marketed for the first time in 1992.
The company turned to Polan d, in 1993, establishing a subsidiary in Warsaw.
Franke also entered Russia that year, and then established operations in Hungary in 1994.
In 1999, the company bought out its joint venture partner in China.
Other acquisitions included Niggemann Food Service Technik in Bochum, Germany, acquired in 2000, boosting the group's contract manufacturi ng operations for the fast-food restaurant market in Germany and Euro pe.
In 2002, Franke took the leadership position in the European stainles s steel sanitary product market through its acquisition of W&G Si ssons Ltd.
The purchase of W&G Sissons, which also gave the compa ny operations in Belgium, followed on the company's decision to form a new dedicated Washroom & Sanitary Equipment division as a subdi vision of its Kitchen Systems division in 2002.
In 2003, the group's restructuring included the sale of its bathroom furniture subsidiary in a management buyout.
Franke returned to the acquisition drive in 2004, buying up 49 percen t of Italy's Faber Group.
In 2005, Frank e bought up full control of Faber.
The new customer and training center is opened as part of the celebrations in 2009; it is designed to hold customer conferences and to provide in-house training and technical workshops.
In 2013 he handed the role of managing the Franke Group to Alexander Zschokke.
Posted by Sinks on 27th Jun 2017
April 2018: Franke Industrie AG acquires Ammatec GmbH With this acquisition, Franke Industrie AG expanded its strategically important aerospace business segment.
In 2021, Franke merges Franke Kitchen Systems and Faber Hoods & Cooking Systems to form the new Franke Home Solutions division.
"Franke Holding AG ." International Directory of Company Histories. . Retrieved June 25, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/franke-holding-ag
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Franke Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Ac Corporation - Greensboro, Nc | - | $26.0M | 350 | 37 |
| Haliburton International Foods | 1992 | $5.0M | 350 | 8 |
| WSI Industries | 1950 | $30.6M | 91 | 2 |
| International Star Inc | 2015 | - | 6 | - |
| Besam | - | - | - | - |
| Koos Manufacturing | 1985 | $112.0M | 500 | - |
| Omni Services | 1976 | $39.9M | 50 | 78 |
| AccraFab | 1979 | $26.0M | 200 | - |
| Albany International | 1895 | $929.2M | 4,400 | 244 |
| Northern Engraving | 1908 | $13.1M | 1,200 | 20 |
Franke Group history FAQs
Zippia gives an in-depth look into the details of Franke Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Franke Group. The employee data is based on information from people who have self-reported their past or current employments at Franke Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Franke Group. The data presented on this page does not represent the view of Franke Group and its employees or that of Zippia.
Franke Group may also be known as or be related to Franke, Franke Beverage Systems Inc., Franke Foodservice Systems, Franke Foodservice Systems Inc, Franke Foodservice Systems, Inc., Franke Group and Franke Management AG.