SFS Group to acquire Hoffmann.

SFS Group, a company specialised in mechanical fastening systems and precision formed components, agreed to acquire Hoffmann, a tool brand. Financial terms are not disclosed. "A quantum leap for SFS Group in terms of market position and size" “SFS’s trading business is already a leader on the Swiss market and by joining forces with Hoffmann SE, Europe’s leading systems partner, it now also gains an international dimension in one fell swoop. A quantum leap for SFS in terms of market position and size!," Jens Breu, SFS Group CEO.