Unisteel is a manufacturer of precision components, including precision fasteners, stamped components, machining parts, engineered plastics, optical parts, and surface treatment. Its headquarters are in Singapore and it has manufacturing facilities located in China and Malaysia.
SFS intec also makes precision formed components, engineered fasteners and mechanical fastening systems to customers across a range of industries, including the automotive, construction, aircraft, electronics, and transportation industries.
The newly combined businesses of the SFS Group and Unisteel will employ more than 7,000 people globally, operate 25 manufacturing facilities across Europe, Asia and North America, and possess an improved range of production capabilities. Upon completion of the transaction, Unisteel’s current management team will join SFS and retain responsibility for their global electronics business.
“Led by a highly experienced management team, Unisteel is an industry leader in the hard disk drive and mobile sectors, with longstanding and high-quality relationships with leading blue-chip customers, said Heinrich Spoerry, Chairman and CEO of the SFS Group. “We are extremely excited about this partnership with Unisteel, and we look forward to supporting the continued growth of the Unisteel business as a member of the SFS family.” The transaction, which is subject to customary closing conditions, is expected to be completed in the third quarter of 2012.
