As part of the Group’s growth strategy, Rubix has acquired Tar Csavar-Csapágykereskedelmi és Szolgáltató Kft. – a leading specialist distributor of tools and general maintenance (TGM) products in Hungary.

Founded by the Tar family in 1992, the business has developed to become a leading TGM distributor in Hungary. In 2007 the company expanded its presence with the acquisition of Mayer Szerszám Ipari és Kereskedelmi Kft.

Headquartered in Sarvar and operating from five locations with 72 employees, the business generates sales of €12m per year.

Supported by the established team, Dr. Tar Ferenc and Tar András, both managing directors, will continue in their current roles, focusing on the further growth and development of the business within Rubix. Tar Ferenc (Dr. Tar Ferenc’s father) and Tar Ferencné decided that this is the right time for the next generation to take the company to this new stage of its development, and both will retire.

Pinaki Banerjee, CEO of Rubix in Central and Eastern Europe, commented: “We are delighted to welcome the teams at Tar and Mayer, as well as their customers and suppliers, to the Rubix family. We share their passion and commitment to meeting customer needs and creating value through the application of specialist knowledge and technical expertise.

“This is an exciting development for our business in Hungary, which confirms our commitment to this important market. The experience of the team, the track record of Tar family and the wide product portfolio strengthens our TGM offer and enables us to do an even better job of meeting the needs of our customers in the country, and across the wider region.

“On this occasion, I would like to thank Tar Ferenc and Tar Ferencné for their contributions and I wish them a great and well-deserved retirement.”

Dr. Tar Ferenc and Tar András said: “We are pleased that our family has chosen Rubix as the partner to support our companies in their next phase of growth. The power of the Rubix Group will help to accelerate our growth while significantly expanding the range of products and services we can take to our customers.”