SFS Group to Acquire Unisteel, a Singapore-Based Leading Precision Engineering Solutions Provider | Business Wire | Rock Hill Herald Online

2012/08/27

HEERBRUGG, SWITZERLAND & SINGAPORE — The SFS Group announced today that, through its wholly owned subsidiary, SFS intec, it has entered into a definitive agreement to acquire Unisteel Technology International Limited (“Unisteel”) from a holding company (“the Seller”) owned since 2008 by the management and employees of Unisteel and an affiliate of Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”).

Established in 1960 and based in Switzerland, SFS intec is a global leader in the development, manufacture and supply of precision formed components, engineered fasteners and mechanical fastening systems to customers across a diverse range of industries including the automotive, construction, aircraft, electronics, and transportation industries.

Unisteel is an innovation-driven solutions provider and manufacturer of precision components, with multi-disciplinary competencies in precision fasteners, stamped components, machining parts, engineered plastics, optical parts, and surface treatment. With its headquarters based in Singapore and key manufacturing facilities located in China and Malaysia, Unisteel serves a wide range of industries including data storage, mobile applications, and consumer electronics on a global basis. (…)

via HEERBRUGG, Switzerland & SINGAPORE: SFS Group to Acquire Unisteel, a Singapore-Based Leading Precision Engineering Solutions Provider | Business Wire | Rock Hill Herald Online.