23 June 2021
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Böllhoff acquires SNEP SA

Germany’s Böllhoff Group has acquired SNEP SA, a French manufacturer of special fasteners for the aerospace industry based in Montbrison, with effect from 1 June 2021.

The product portfolio includes complex and highly specialised fasteners - from special washers, nuts and bushings to fluid fittings and build-to-print precision parts. With 110 employees, SNEP generated total sales of 16 million euros in 2020. Within the Böllhoff Group, SNEP will operate under the name Bollhoff SNEP S.A. in the future.

With the 100% acquisition of SNEP, Böllhoff is further expanding its market position in technical fasteners for the aerospace industry. SNEP will be integrated into the international aerospace activities of the Böllhoff Group.

"France is an important aerospace market for Böllhoff," says managing partner Michael W. Böllhoff. “The acquisition of SNEP helps us to be closer to key customers and to fulfil their individual requirements even better in future."

SNEP's manufacturing know-how expands the Böllhoff Group's current manufacturing competencies for the aerospace sector, particularly in the areas of turning and machining.

SNEP is also to benefit from the affiliation with the Böllhoff Group. The long-term goal of the takeover is to further strengthen SNEP's development competence and thus become a local development partner for the aerospace industry in France.

Author
FAST magazine

Related Companies

Bollhoff Ltd

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