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SFS to Buy Unisteel, Singapore
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2012-11-26
The SFS Group has entered a definitive agreement to acquire Unisteel Technology International Limited from Kohlberg Kravis Roberts and management/employees.

Unisteel manufactures precision components including fasteners. Headquartered in Singapore it has manufacturing in China and Malaysia. Its key markets are consumer electronics, data storage and mobile telecoms. KKR and employees acquired Unisteel in 2008 for a reported US$575 million.
SFS CEO Helmut Binder highlighted the significance of the acquisition in strengthening SFS' "positioning as a supplier of highly engineered fastening solutions, as well as to enable us to become a global player in the fast growing electronics market. The addition of Unisteel’s comprehensive and world-class Asian operations will transform SFS intec into a business with a truly global manufacturing platform." The new group will employ more than 7,000 people globally, operating 25 manufacturing facilities in Europe, Asia and North America. The deal is expected to close during the third quarter of 2012.
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2012-11-26

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