News and Press Releases - 2020
December 02, 2020
New standards in lightweight construction: Bossard acquires shares in MultiMaterial-Welding
With the acquisition of shares in MultiMaterial-Welding GmbH, Bossard is consolidating its position as an innovation driver in fastening technology and is expanding its portfolio with forward-looking lightweight fastening solutions.
March 30, 2020
Annual General Meeting without shareholders on site
The annual general meeting of shareholders of Bossard Holding AG will take place as planned on April 8, 2020. Based on the Ordinance of the Federal Council on measures to prevent coronavirus (COVID-19), shareholders cannot attend the annual general meeting of shareholders in person. Instead of a shareholder gift, Bossard Group will make a donation to a charitable organization.
March 30, 2020
Board of directors maintains dividend – but at a reduced level
The board of directors of the Bossard Group has been thoroughly assessing the impact of the coronavirus crisis. After an in-depth analysis of the challenges that have arisen, the board is convinced that all necessary measures have been taken to protect employees while ensuring business continuity. As a result, Bossard continues to be a reliable supply partner in all its sales markets. At the moment, it is impossible to estimate the long-term impact of the coronavirus crisis. In this volatile market environment, the board of directors is determined to safeguard the Group’s liquidity in case of a longer-lasting market slump. At the same time, the board wants shareholders to participate in the solid 2019 results, taking into account the current challenges. At the annual general meeting of shareholders, the board will therefore propose reducing its original dividend request by half, to CHF 2.00 per registered A share and CHF 0.40 per registered B share.
January 15, 2020
Bossard increases its holding in Torp Fasteners to 100 percent
The Bossard Group is increasing its majority stake in Torp Fasteners located in Oslo, Norway, from 60 percent to 100 percent. Bossard has held a stake in the company, a specialist in high-quality engineered fastening solutions, since January 2015. In recent years, Bossard has made considerable efforts to further develop the demanding Scandinavian markets. The parties have agreed to keep the purchase price confidential.