{"id":38588,"date":"2019-05-19T08:57:11","date_gmt":"2019-05-19T06:57:11","guid":{"rendered":"http:\/\/modern-wilderness.flywheelsites.com\/?p=38588"},"modified":"2019-05-19T08:57:16","modified_gmt":"2019-05-19T06:57:16","slug":"gabriel-expands-in-mexico","status":"publish","type":"post","link":"https:\/\/officerepublic.news\/en\/2019\/05\/gabriel-expands-in-mexico\/","title":{"rendered":"Gabriel expands in Mexico"},"content":{"rendered":"\n

Gabriel continues its global expansion with the acquisition of Mexican furniture manufacturer Grupo RYL.<\/strong><\/p>\n\n\n\n

> About Gabriel<\/a><\/div>\n\n\n\n

As part of an ambitious global strategy, Gabriel has opened showrooms, sales offices and production facilities across the world in recent years. The latest step in the company\u2019s global strategy is the acquisition of Mexican furniture manufacturer Grupo RYL.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Servicing the furniture industry<\/h4>\n\n\n\n

RYL is a well-established subcontractor to the furniture industry in the US with approximately 170 highly skilled employees specializing in sewing, upholstery and sourcing solutions. The newly acquired Mexican facility will become an integrated part of Gabriel\u2019s FurnMaster division supporting the growth in FurnMaster activities in North America.<\/p>\n\n\n\n

Committed to meet market demands<\/h4>\n\n\n\n

With the acquisition of Grupo RYL located close to the US border and with convenient and easy access to distribution channels across the USA, Gabriel demonstrates its commitment to the North American market and to meeting growing customer demands for high-quality furniture solutions.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

Growing their global presence<\/h4>\n\n\n\n

In addition to the new Mexican production and development unit, FurnMaster also has production facilities in Lithuania, Poland, USA and China. The recent expansion allows the company to grow their already significant presence in the global furniture market and is an important step in consolidating their position as the furniture industry\u2019s preferred partner worldwide.<\/p>\n\n\n\n

The price for the shares is agreed at approx. USD 0.8 million. In addition hereto debt of USD 3.0 million to the previous owners is taken over.<\/p>\n\n\n\n

RYL had a revenue of USD 8 million in 2018, where the profit before tax amounted to USD -1.2 million.<\/p>\n\n\n\n

Expectations to the financial year 2018\/2019<\/h4>\n\n\n\n

For the acquired company, revenue for the rest of the financial year is expected to be in the level of DKK 20 million ($ 2.99 mln), and a negative profit contribution before tax of in the level of DKK 2 million ($ 0.3 mln).<\/p>\n\n\n\n

Management\u2019s expectations for the entire financial year 2018\/2019 for Gabriel Holding A\/S remain a revenue and earnings growth in the level of 10-20%.<\/p>\n\n\n\n

(all images (C) Gabriel.dk<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Gabriel continues its global expansion with the acquisition of Mexican furniture manufacturer Grupo RYL. As part of an ambitious global strategy, Gabriel has opened showrooms, sales offices and production facilities across the world in recent years. The latest step in the company\u2019s global strategy is the acquisition of Mexican furniture manufacturer Grupo RYL. Servicing the…<\/p>\n","protected":false},"author":6,"featured_media":38595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"Gabriel expands in Mexico | Company acquires Grupo RYL S.a.","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[3148,5312],"tags":[3846],"jetpack_publicize_connections":[],"acf":{"app_afbeelding":false,"app_titel":"Gabriel expands in Mexico","app_article":"

<\/p>\n

Gabriel continues its global expansion with the acquisition of Mexican furniture manufacturer Grupo RYL.<\/strong><\/p>\n

As part of an ambitious global strategy, Gabriel has opened showrooms, sales offices and production facilities across the world in recent years. The latest step in the company\u2019s global strategy is the acquisition of Mexican furniture manufacturer Grupo RYL.<\/p>\n

<\/p>\n","app_link_title":"","app_link_url":"","app_display":"Ja","bedrijfsnaam":"Gabriel","bedrijfsprofiel_id":32445,"related_profiles":false},"yoast_head":"\nGabriel expands in Mexico | OfficeRepublic<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officerepublic.news\/en\/2019\/05\/gabriel-expands-in-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gabriel expands in Mexico | OfficeRepublic\" \/>\n<meta property=\"og:description\" content=\"Gabriel continues its global expansion with the acquisition of Mexican furniture manufacturer Grupo RYL. As part of an ambitious global strategy, Gabriel has opened showrooms, sales offices and production facilities across the world in recent years. 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