Market presence expanded through takeover of a competitor
SFS, a manufacturer based in the St.Gallen-Lake Constance area, has acquired the Madrid-based company Etanco as of May 1, 2024. This acquisition strengthens SFS's market position in Spain and Portugal. Etanco, a specialist distributor of fasteners and fixings, also offers services such as consulting and planning. With this acquisition, SFS expands its portfolio and strengthens its competitiveness in the construction industry.
According to a press release issued by the Group, SFS is thus expanding its market position in Spain and Portugal. Etanco, founded in 1984, is a specialist distributor of fasteners, fixings and other products for the building envelope. The company also offers services such as consulting, design and planning. The acquisition of the company with its ten employees strengthens the position of SFS’s Construction division and enhances its competitiveness by expanding its portfolio, according to the press release. Etanco generated sales of 4 million euros in 2023.