French manufacturer of special fasteners for aerospace joins the fold
The Böllhoff Group has acquired SNEP SA, a French manufacturer of special fasteners for the aerospace industry, based in Montbrison.
In this way, Böllhoff aims to strengthen its own activities in the aerospace market segment, says the company.
With the 100% acquisition of SNEP, Böllhoff is further expanding its market position in technical fasteners for the aerospace industry. In the future, SNEP will be integrated into the international aerospace activities of the Böllhoff Group and is expected to play an important role in the further expansion of this business sector within the company.
"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 – for example, from its many years of experience in the field of innovation, as well as in joining lightweight materials. 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.
"Last year, the aerospace sector suffered greatly from the effects of the COVID‑19 pandemic," emphasises managing partner Wilhelm A. Böllhoff. "In the medium term, we expect business there to recover – and, thanks to the acquisition of SNEP, we will then be in an even stronger position to meet our customers' requirements."