Change of the main company shareholder

Dear Commercial Partners,

We are happy to inform you that 100% of the shares in Fabryka Wiertła Baildon S.A. (FWB) have been purchased by Grupa Topex Sp. z o.o. Sp. K. (GTX).

Combining the impressive history of FBW, dating back to the year 1908 and basing on the production of highest, professional quality accessories, with the strength of the Topex Group, a leader on the European market of tool distribution, will result in boosting the development of both companies.

Our goal and our promise is to effectively uphold the developmental strategy of both companies, basing on the aforementioned key competences (high-quality Polish production and effective distribution) and to enrich both companies with elements derived from their synergy – including a portfolio of strong product brands, such as Baildon BHH drill bits, NEO TOOLS and GRAPHITE.

The development and ongoing modernization of our domestic production is one of the key elements we wish to implement in the foreseeable future in our Katowice factory. The entire process has been planned in detail and carefully scheduled to ensure the most effective implementation. We are convinced that we will be able to offer the highest quality standards and quick access to specialist products. We will achieve this by keeping production local and utilizing the knowledge and experience of both organizations. We will keep you posted in advance about any events which may concern mutual commercial relations. In case of any inquiries or suggestions for further enhancement of our cooperation, please contact your account managers (in GTX and FWB).