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  6. SFS Group Acquires Truelove & Maclean

M&A Deal Summary

SFS Group Acquires Truelove & Maclean

On March 17, 2020, SFS Group acquired manufacturer Truelove & Maclean

Acquisition Highlights
  • This is SFS Group’s 3rd transaction in the Manufacturing sector.
  • This is SFS Group’s 2nd transaction in the United States.
  • This is SFS Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2020-03-17
Target Truelove & Maclean
Sector Manufacturing
Buyer(s) SFS Group
Deal Type Add-on Acquisition

Target

Truelove & Maclean

Watertown, Connecticut, United States
Truelove & Maclean, Inc. is a provider of deep-drawn components, primarily for the automotive industry. Truelove & Maclean was established in 1944 and is based in Watertown, Connecticut.

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Buyer(S) 1

Buyer

SFS Group

Heerbrugg, Switzerland
Category Company
Founded 1928
Sector Diversified
Employees13,734
Revenue 3.1B CHF (2024)
DESCRIPTION

SFS Group is manufacturing and marketing and sale of engineered precision components, precision fasteners, application specific fastening solutions and the distribution of fasteners professional tools and architectural hardware in Switzerland. SFS Group was founded in 1928 and is based in Heerbrugg, Switzerland.

DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Connecticut M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 Tegra Medical

Franklin, Massachusetts, United States

Tegra Medical LLC is a provider of precision machining and contract manufacturing services for the medical device industry.

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