Avedon-backed SLF acquires STI

Avedon Capital-backed Spindel und Lagerungstechnik Fraureuth (SLF) a niche manufacturer of specialised spindles and roller bearings located in Fraureuth, Germany, has acquired STI, a specialised engineering trading company. 

The transaction was completed in the form of an asset deal and the parties agreed not to disclose the purchase price or further details of the transaction.

As part of a succession solution, SLF has acquired the family business STI. Founder and CEO Ralf Teufert will stay on board as CEO for a transition period and thereafter reduce his operational responsibilities over time. With the acquisition SLF further expands the group’s product spectrum with demanding, customised engineered products and solutions as well as strengthens its worldwide sourcing network. which will help improve the group’s competitive positioning in attractive end-markets, further grow the OEM customer base, as well as increase the international footprint.
Michael Ludwig, CEO of SLF, says: “We are very excited to announce that STI is joining the SLF group. The acquisition of STI fits well with our overall strategy to expand our competences in developing customized solutions for demanding applications. STI is a particularly well positioned niche business with strong engineering competences as well as long-standing customer relationships. Through joining forces, SLF and STI will both benefit from the strong complementarity of the businesses as well as the ample synergy potential.”
Ralf Teufert, CEO of STI, says: “Becoming part of the SLF group excites us. We see great synergy potential in combining forces on both, the sourcing as well as the engineering and sales side. As SLF is a key customer of ours, we established a long-standing, close relationship over many years and are excited to intensify this relationship in the future.”
The enlarged SLF group will continue to be supported by Avedon Capital Partners, a leading mid-market growth investor based in Germany and The Netherlands, as well as the four founders of SLF. Since 2019, Avedon is invested in SLF and supports the company’s succession- and growth plan.
Alexis Weege, Partner at Avedon, adds: “STI is a unique, well-positioned company that fits well with SLF’s strategy to expand the product offering with customised solutions for demanding applications as well as strengthen its international presence. We are looking forward to further supporting the combined group and leveraging the synergy potential.”