SFS strengthens market position with acquisition

10 May 2024 09:01

AICEP Portugal

Heerbrugg/Madrid - The SFS Group from the canton of St.Gallen has acquired Etanco. With the acquisition of the Spanish fasteners specialist, the Group strengthens its presence on the Iberian Peninsula.

SFS, a manufacturer of precision and fastening components based in the St.GallenBodensee area, has acquired the Madrid-based company Etanco effective 1 May 2024. According to a statement from the Group, the acquisition expands SFS’ market position in Spain and Portugal.

Etanco, founded in 1984, is a specialized distributor of fasteners, fixings and other accessories for building envelopes. The company also offers services such as consulting, designing and planning. The acquisition of the company with its ten employees strengthens the position of SFS's Construction division. It also improves its competitiveness by expanding its portfolio, according to the statement.

Etanco generated sales of 4 million euros in 2023. ce/ww