North American purchase:
Minimax acquires Consolidated Fire Protection (CFP)
At the beginning of November 2007, the Consolidated Fire Protection company (CFP) became part of the Minimax Group. Minimax purchased all of the CFP stocks, acquiring 100% of the shares from the private equity group Gryphon Investors. “This is our breakthrough into the US market, where up to now our market share has been below average,” said Klaus Hofmann, CEO of the Minimax Group, in response to the successful acquisition.
Founded in 1959 in Los Angeles, CFP now has 23 locations in 15 western and south-western US states and is among the leading service providers in the North American fire protection industry. In addition to its standard services, CFP also offers a comprehensive range of fire suppression and alarm and detection systems, installation services for these systems, water extinguishing systems, fire extinguishers, specialised solutions for explosive areas and suppression and alarm systems for kitchens. Hofmann said: “This interesting mix of selling new systems, modernisation and ongoing service is especially attractive for Minimax.”
CFP currently has 1,200 employees. The company’s headquarters are located in Irvine, California. For the business year 2007, CFP expects a turnover of about US $200 million.