Schulte-Schlagbaum AG takes over Sächsische Schlossfabrik GmbH
Schulte-Schlagbaum AG acquires 100% shares in Sächsische Schlossfabrik GmbH in Groitzsch from Franz Schneider Brakel GmbH + Co KG. The addition of Sächsische Schlossfabrik GmbH to the Velbert-based group of companies enables both companies to exploit extensive synergy effects in production, development and distribution.
The addition of Sächsische Schlossfabrik GmbH to the Schulte-Schlagbaum group of companies enables both companies to exploit extensive synergy effects in production, development and distribution.
Sächsische Schlossfabrik GmbH has a history in the production of door locks and strike plates that spans 115 years. The inclusion of Sächsische Schlossfabrik GmbH in the Schulte-Schlagbaum Group enables Schulte-Schlagbaum AG, which boasts a 185-year tradition in lock manufacture, to further penetrate the mortise lock market both nationally and internationally.
“Incorporating Sächsische Schlossfabrik GmbH in our group of companies means that we can now offer our clients in the door industry and specialist trade customers an even wider and more comprehensive range - all from a single source. Furthermore, we can ensure expertise for future product development in this area and improve our process organisation”, says Peter Pongratz, CEO of Schulte-Schlagbaum AG.
“Schulte-Schlagbaum AG’s lock and strike plate range is highly complementary to our portfolio and opens up considerable synergy opportunities”, explains Ulrich Meiner, Director of Sächsische Schlossfabrik GmbH.
Jochen Bauer, Director of Franz Schneider Brakel GmbH + Co KG adds: “Increasing pressure from foreign competitors and changing customer demands force us to focus on our core business. As a result, we will concentrate even more intensively on the further development of door and window fittings and on electronic access solutions under the FSB brand. We are therefore delighted to have found a company that can lead us towards future success.”
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