- New platform acquisition strengthens the Automotive & Mobility segment (2019: revenues of approx. EUR 180 million)
- Leading supplier of Rubber Fluid Transfer Systems (AGV) for the automotive and specialty industries in Poland, Italy, Spain and India
- Significant synergy potential with the Elastomer Group
- New branding as SFC Solutions
Munich, 1 July 2020 – Mutares SE & Co KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of certain Cooper Standard activities in Poland, Italy, Spain and India. With the completion of the acquisition, the company will operate under the new name SFC Solutions.
SFC Solutions employs around 2,500 employees at six locations in Europe and seven production sites in India and achieved revenues of approximately EUR 180 million in 2019. The company, which is divided into three product divisions, manufactures rubber fluid transfer systems, specialty sealing products and sealing solutions for the world’s leading automotive manufacturers.
Both, the product portfolio and the customer environment offer enormous synergy potential with the Elastomer Solutions Group. Robin Laik, CEO of Mutares, comments: “We are convinced that with our operational experts in the Automotive & Mobility segment, our industry know-how and the existing portfolio in this segment, we can achieve the successful turnaround of the company. The potential that SFC Solutions offers us fits perfectly with our investment approach and can be further increased in value in the future through our buy-and-build strategy.”