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SFS Group AG completed the acquisition of Truelove & Maclean Inc. from Richard Bouffard. T&M, which generated sales of about $36 million in 2019, will become part of SFS's Automotive division within the Engineered Components segment.
SFS UK was commissioned to supply construction fasteners for three maintenance buildings of the Riyadh Metro in a contract worth over £1 million.
SFS Group, a Swiss provider of precision-formed components and mechanical fastening systems, is to acquire Tegra Medical, a medical device contract manufacturer. Tegra will continue operations under its own brand in Massachusetts with existing senior management.