SFS Group AG, a listed Swiss manufacturer of precision fastening components, has announced its acquisition of Ncase Limited, a leading supplier of rainscreen cladding support systems in the UK
SFS Group AG is headquartered in Heerbrugg, Switzerland and has a market capitalisation of CHF 2.6bn. It has 8,300 employees worldwide and in 2015 had a turnover of CHF 1.4bn.
Ncase Limited design, manufacture, market and supply a comprehensive range of cladding support systems under the brand names Nvelope, Kladfix and Ekoklad. It supplies its products to facade installers, OEMs and distributors in the UK and in recent years has expanded its proposition in North America and Australia. The strong international presence of SFS Group will open up attractive growth opportunities for Ncase products. Further details of the transaction remain undisclosed.
Hines Associates Limited acted as financial advisor to the shareholders of Ncase Limited.