As part of the Group’s network development strategy, Rubix has completed the acquisition of FIPA, a distributor of industrial supplies including personal protective equipment and a supplier of hydraulic hose assemblies.

Founded in 1994 and based in the Ain département, FIPA employs 12 people and generates nearly €5m in annual sales.

FIPA became a member of the independent Orexad purchasing network in 2016.

Eric David and Ludovic Lacondemine, founders and managers of FIPA, said: “We are happy to be joining Rubix in France and building on our existing relationship, which has supported our development over the past four years.”

Olivier Ribault, Operations Director, Orexad Brammer (Rubix in France), comments: “We are delighted to acquire FIPA, which operates in a dynamic industrial and logistics area, and to welcome the team to Rubix.”