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Featured Article

Sale of a majority stake
of Corys Piping Systems to GF

In front: Philipp Dillinger (Head of M&A, GF Piping Systems), Mattia Pipino (Group CEO, Green Coast Enterpises) In back: Tamer Adel Morsi (Group General Counsel, Green Coast Enterprises), Grace Ong (Counsel, Baker McKenzie), Janick Amgarten (Integration Manager GF Corys) , Adnan Doha (Partner, Baker McKenzie), Ololade Odunubi (Associate, Baker McKenzie), Nicole Galledari (Associate, Baker McKenzie)

Corys Piping Systems (CPS) and GF have a longstanding history of partnership. The new entity, GF Corys, will combine GF’s global experience, innovative solutions, and technology with the deep market understanding, presence, and reputation that CPS has developed in the region over the past five decades.

“With this joint venture, we are creating the market leader for sustainable piping solutions in the region, an important economic hub that offers a lot of growth potential,” says Andreas Müller, CEO GF. “We aim to use innovative piping solutions to ensure water security and the safe and sustainable transport of fluids. A big welcome to all employees of CPS”

Mohammed Abdulghaffar Hussain, Executive Director of Green Coast Enterprises, the holding company of CPS: “We are thrilled to announce an exciting collaboration between two industry leaders, GF and CPS. Together, we share a transformative vision for sustainable and resilient growth in the Middle East. CPS has been instrumental in bringing this vision to life, and we are now taking the next bold step by joining forces with GF. This strategic partnership will further strengthen our presence in the building, industrial, and utilities sectors. Together, we will embark on the next successful chapter of our company’s history.”

GF Corys will include sales offices and major manufacturing sites in UAE, Oman, Bahrain, and Kuwait, with around 450 employees. The current executive management team of CPS will stay on board, to ensure continuity within the business, and will be reinforced by GF executive team members. In the near term, plans include establishing a flagship customer experience and training center in the UAE and expanding local manufacturing capacity.