New acquisitions from Bufab | FASTENER EURASIA MAGAZINE
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New acquisitions from Bufab

Bufab has entered into an agreement to acquire all outstanding shares in the US company Components Solutions Group, Inc

CSG is a leading distributor of fasteners and other C-class components in the North American market and is headquartered in Dayton, Ohio. CSG also owns three subsidiaries whereof two are located in Ohio and one in Kentucky. CSG was founded in 2000, and has been mainly owned and run by its current President, Ernie Riling and his colleagues and minority owners Matt Coy, Ken DeCrane, Thomas Girgash and Rick Clark. Under their leadership, CSG has expanded to a strong regional technically oriented supply chain partner with customers across many industries. CSG has currently 85 employees and Net Sales of approximately USD 30 Million with a 10% operating profit.

"It gives me great pleasure to announce that CSG is joining the Bufab Group. Over many meetings in the past years, we have gotten to know the company well, and see great similarities to Bufab in the solution-oriented, entrepreneurial approach to creating customer value, says Johan Lindqvist, Bufab’s acting President and CEO. “We are confident that CSG will continue to grow and thrive as a member of the Bufab Group. The acquisition of CSG also strengthens Bufab’s product and service range, says Urban Bülow, Group Director North America.

"By joining Bufab, we will be able to continue to improve our customer offering, grow our business and strengthen our team in. It will be business as usual, with the same high ambition level, but now as a part of a globally leading organization. I am pleased to continue as President and CEO at CSG, and together with the whole CSG team I look forward to the cooperation with Bufab”, says Ernie Riling, majority owner of CSG.

The acquisition will be financed within Bufab's existing credit facilities. The purchase price paid upon closing of the transaction amounts to USD 26 million on a cash- and debt-free basis. A performance-related purchase consideration of a maximum of USD 10 million may be paid in 2023-2024, conditional on a significantly improved profit. The acquisition is scheduled to close and take effect today, and will be reported within Bufab's segment UK/North America. It will generate transaction costs of approximately 6 MSEK in the third quarter of 2021. CSG is expected to contribute to Bufab’s earnings per share starting from the fourth quarter of 2021.

Bufab has acquired all outstanding shares in the Austrian company Jenny I Waltle GmbH (“Jenny I Waltle”), with annual sales of approximately EUR 19 million.

Jenny I Waltle is a leading distributor and sub-assembly provider of aluminium profile-products and other C-class components with sales in Austria, Switzerland and Germany. It is headquartered in Frastanz, Austria. The company was founded in 1982 and has since 2004 been owned and run by its current Managing Directors, Peter Jenny and Daniel Waltle. Under their leadership, Jenny I Waltle has expanded the business into a supply chain partner to customers across many industries. In the twelve-month period ending August 2021, Jenny I Waltle had 43 employees and sales of approximately EUR 19 million.

“I’m happy that Jenny I Waltle is joining the Bufab Group and is convinced that Jenny I Waltle will help us expand our offering towards our customers and new target clients, fully in line with our concept “Creative Component Solutions”. The acquisition of Jenny I Waltle is a good contribution to our growth journey in Segment West, and we are glad to welcome new “Solutionists” in our Team”, says Jörn Maurer, Bufab Group Director Segment West.

"By joining Bufab, we will be able to continue to improve our customer service, grow our business and strengthen our team in the same way we have for the last decades. It will be business as usual, with the same high ambition level, but now as a part of a globally leading organization. We are pleased to continue as Managing Directors of Jenny I Waltle, and together with the whole Jenny I Waltle team we look forward to the cooperation with Bufab”, says Peter Jenny and Daniel Waltle, the owners.


Bufab has acquired all outstanding shares in the Swedish company Tilka Trading AB (“Tilka”), with annual sales of approximately SEK 50 million.

Tilka is a wholesaler that supplies fasteners, special parts and logistics solutions to the industry in Sweden. The company is located in Mönsterås, Sweden. The company was founded in 1978 and has since 1999 been owned and run by the second generation, siblings Per Karlsson and Lena Johansson. In January 2015 Tilka appointed an external Managing Director, Yngve Åkesson.

Under their leadership, Tilka has expanded the business into a Supply Chain Partner to customers across many industries. In the twelve-month period ending August 2021, Tilka had 18 employees and sales of approximately SEK 50 million.

"It will be exciting to follow Tilka's growth journey as part of the Bufab Group! Through them we will bring both expertise and new customers to Bufab. As part of Bufab, they will also have access to the tools, processes, and not least the global network we have developed over the years. The acquisition of Tilka is a good contribution to our growth journey in Segment North, and we are pleased to welcome new "Solutionists" into our team", says Johan Lindqvist, Acting President and CEO who is also Group Director for Segment North.

"By joining Bufab, we will be able to continue to improve our customer service, grow our business and strengthen our team in the same way we have for the last decades. It will be business as usual, with the same high ambition level, but now as a part of a globally leading organization. We are pleased to continue our development of the business in Tilka, and together with the whole team we look forward to the cooperation with Bufab”, says the owner Per Karlsson and Yngve Åkesson, the Managing Director.