3i portfolio company Schlemmer sells SIB

Cate­gory: Deals
5. August 2019

Asch­heim (Munich) — Supplier Schlem­mer — a port­fo­lio company of private equity inves­tor 3i — has streng­the­ned its focus on plas­tic products and the auto­mo­tive busi­ness by selling Schlem­mer Indus­try & Buil­ding Parts (SIB), a French subsi­diary. The company intends to conti­nue its growth with new products.

Schlem­mer is known for its cable protec­tion solu­ti­ons, fluid lines and, for some years now, battery protec­tion systems. The company intends to grow further in these fields. SIB supplies mainly to DIY stores and the cons­truc­tion sector and also manu­fac­tures metal cable glands and access­ories. Schlem­mer Indus­try & Buil­ding Parts (SIB) was acqui­red a few days ago by Gali­ena Capi­tal, a private equity firm based in France. Both parties have agreed not to disc­lose the purchase price.

“In view of the rapidly chan­ging markets, the clea­rer posi­tio­ning as a plas­tics expert for the auto­mo­tive indus­try is an essen­tial corner­stone for our success,” explains Karl Krause, Presi­dent and CEO of the Schlem­mer Group. “By focu­sing on our core auto­mo­tive busi­ness, we will be able to offer our custo­mers inno­va­tive solu­ti­ons that are even better tail­o­red to them in the future and thus further drive our global growth.”

Schlem­mer has 22 produc­tion sites and around 3,800 employees, gene­ra­ting sales of 355 million euros, inclu­ding around 100 million euros in China. The company has been owned by private equity inves­tor 3i for around three years.

In the coming months, Schlem­mer also plans to further expand its exper­tise in the e‑mobility segment and vehicle infra­struc­ture, as well as opti­mize its produc­tion foot­print, as part of its growth stra­tegy. Among the new products Schlem­mer plans to grow with are fluid lines for clea­ning sensors on the vehicle and for battery tempe­ra­ture control, as well as battery covers.

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