SFS Group completed the acquisition of MBE Moderne Befestigungselemente.

SFS Group, a Swiss automotive components provider, completed the acquisition of MBE Moderne Befestigungselemente, an German industrial equipment provider. Financial terms were not disclosed. MBE is a provider of painted fasteners for high-quality building facades. It primarily supplies specialist retailers in Germany with painted fastening systems for curtain-type, ventilated exterior wall coverings. In addition to its strong and long-standing customer relationships with specialist retailers, MBE has vast expertise in painting technology and differentiates itself on its very quick response and delivery times.