Steinbach & Vollmann GmbH & Co. KG (STUV), a leading specialist for high-quality locking and hardware systems, was acquired by an investor consortium led by the Sayn-Wittgenstein Family, ENDURANCE Capital and Andreas Kupka. As part of the succession solution, the investors are also strengthening the company with the appointment of Mr. Kupka as the new Managing Director. Leveraging on his extensive industry experience, the company is well poised to continue on its internationalization track.
As a specialist for locking solutions and access control systems, STUV offers well-known customers a complete range of high quality products used in several industrial sectors and applications including the steel and metal industry, cooling and heating appliances, security safes as well as custodial facilities. Established in 1883, STUV has positioned itself as a supplier of tailor-made solutions in small to medium batch sizes. The company has 160 employees and is headquartered in Heiligenhaus (North Rhine-Westphalia) – within Germany’s historic locks and fittings district. STUV also has an international foothold with further subsidiaries in Spain and China. In fiscal year 2018, the Company’s sales amounted to c. EUR 20 million.
Endurance Capital AG is a leading holding company that invests in medium-sized firms. As a private limited stock company, Endurance is independent of banks, the stock exchange, or funds. The investment focus is on automotive suppliers, metal and plastics processing as well as mechanical engineering. The shareholders are entrepreneurs who invest with a long-term perspective.
The IMAP team led by Karl Fesenmeyer, Michael Knoll, Claudio Laudati, and Ulrich Keesen exclusively advised the shareholders of Steinbach & Vollmann GmbH & Co. KG in all phases of the transaction within the framework of a structured M&A process.