on STIF (EPA:ALSTI)
STIF completes the acquisition of BOSS PRODUCTS
STIF has completed the acquisition of 80% of BOSS PRODUCTS, strengthening its presence in North America. Already holding a 10% stake, STIF has acquired an additional 70% from BOSS INDUSTRIAL GROUP. Texas-based BOSS PRODUCTS specializes in explosion protection systems for industry and has been a STIF distribution partner in the United States and Canada since 2017.
The transaction, financed by bank debt, will be consolidated in 2025. It includes a majority stake from BOSS PRODUCTS UK. José Burgos, CEO of STIF, underlines the importance of this step in the group's international strategy. This acquisition comes in addition to that of Stuvex in July, allowing STIF to envisage pro forma revenue of €100 million by the end of 2025.
R. H.
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