Wetter (Ruhr), 04 March 2013
BURG-WÄCHTER Group, Wetter (Ruhr), has acquired 100 per cent of the shares in Sterling Locks Limited, Leeds (UK), from the former shareholders. The terms of the transaction were not disclosed.
BURG-WÄCHTER Group, Wetter (Ruhr), is a family run corporation with a heritage of over 90 years. The company is an internationally renowned manufacturer of letter boxes, electronic and mechanical locks, door and window security, safes and cash boxes. BURG-WÄCHTER develops its products exclusively in Germany and maintains production facilities in Germany, Eastern Europe and China. The Group sells its products worldwide via DIY, locksmiths and specialised hardware stores.
Sterling Locks, Leeds, established in 1987, is one of UK’s leading resellers of locks, as well as letter boxes and cash boxes. The products are mainly sold to private customers via DIY chains.
In the future, Sterling Locks Limited will operate as an independent company within the BURG-WÄCHTER-Group. The long standing Managing Director, Anthony P. Kelly will continue to lead Sterling Locks Limited. With this acquisition BURG-WÄCHTER significantly increases its footprint in the UK market for physical and electronic hardware security products.
BELGRAVIA & CO. has exclusively advised BURG-WÄCHTER KG on this acquisition.
Short Profile BURG-WÄCHTER KG
BURG-WÄCHTER is an internationally leading manufacturer of letter boxes and security products. The renowned BURG-WÄCHTER brand is recognised by customers wordwide for high quality products “Made in Germany”. www.burg-wächter.com
Short Profile STERLING LOCKS LIMITED
Sterling Locks Limited is a national leading manufacturer and reseller of locks, as well as letter boxes and cash boxes in Great Britain and Ireland. For many years Sterling Locks Limited supplies DIY chains under the renowned brand name “STERLING”. www.sterlinglocks.com
Short Profile BELGRAVIA & CO.
BELGRAVIA & CO. is an independent M&A and corporate finance advisor headquartered in Cologne. www.belgravia-co.com