SFS Group AG completed the acquisition of Truelove & Maclean Inc. from Richard Bouffard.
April 31, 2020
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SFS Group AG (SWX:SFSN) agreed to acquire Truelove & Maclean Inc. from Richard Bouffard on March 16, 2020. T&M will become part of the Automotive division within the Engineered Components segment. The Truelove & Maclean will continue to operate in Watertown under the strong stewardship of previous owner and Chief Executive Officer Richard Bouffard and their seasoned management team. T&M generated sales of about $36 million in 2019. Closing is expected until end of March 2020. Leonard LaPorta, Jr. of Pickwick Capital Partners, LLC acted as the financial advisor, Hinckley, Allen & Snyder LLP acted as general counsel and Kimball, Paris & Gugliotti, P.C. acted as an accountant for Truelove & Maclean.
SFS Group AG (SWX:SFSN) completed the acquisition of Truelove & Maclean Inc. from Richard Bouffard on April 1, 2020.
SFS Group AG, formerly SFS Holding AG, is a Switzerland-based company that develops and manufactures mechanical fastening systems and precision formed components. The Company serves the automotive, construction, construction supply, electrical, electronics, aerospace and medical components industries. It consists of three operating segments which represent the three business models: Engineered Components, which are customer-specific products under the SFS intec and Unisteel brands; Fastening Systems, which are application-specific products under the SFS intec and GESIPA brand, and Distribution and Logistics, which are market-oriented product ranges and logistics solutions under the SFS unimarket brand throughout Switzerland. Its subsidiaries include, among others, Ncase Limited, a supplier of subframes for rainscreen cladding, as well as developer and manufacturer of disposable products made of metal and plastic for medical device original equipment manufacturers (OEMs).
SFS GROUP AG 
