SFS is acquiring Moderne Befestigungselemente GmbH (mbe) – a leading supplier of painted fasteners for high-performance façade systems. mbe generated about €10 million in sales with just under 70 employees in 2018. This acquisition expands SFS’ offering of fastening systems and its market reach in central Europe. The completion of the acquisition is subject to regulatory approvals.
mbe was established in Menden, North Rhine-Westphalia, Germany, in 1979 and it supplies mainly the German specialty retailers with painted fasteners for ventilated façade systems. In addition to its strong, long-standing customer relationships with specialty retailers, mbe has vast expertise in painting technology and differentiates itself on its very quick response and delivery times. Customers can individualise the colour of the fasteners they order and partly in small quantities can be fulfilled within 24 to 48 hours.
Acquiring mbe gives SFS direct access to specialty retailers for premium façade solutions. Customers and distribution partners of mbe will benefit from availability of the broad product range of SFS.
mbe will remain based in Menden and it will become part of the Construction division within the Fastening Systems segment. Its previous management will stay with the company throughout the transition period and thereby ensure the necessary continuity. The completion of the acquisition is subject to regulatory approvals.
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