Serafin Group acquires Schrauben-Jäger AG

Serafin Group has signed an agreement to acquire the companies Schrauben-Jäger AG along with Werkzeug-Jäger GmbH.

Jäger Group, headquartered in Karlsruhe, is a distributor in the fasteners segment and specialises in the sale of screws, nuts, drawing parts and other tools primarily to manufacturing companies and tradesmen. With a turnover of ca. Euros 60 million and 280 employees, the Company is one of the largest regional suppliers in the segment. Offering over 250,000 items, Jäger Group offers a “one-stop shop” approach with its wide assortment of products. The range is complemented by a comprehensive range of services ranging from C-parts management, Kanban with RFID-based solutions, barcode technology to connection to ERP systems.

As Serafin founder Philipp Haindl explains, “We have extensive experience in the field of tools and screws. Via this acquisition, we are continuing to strengthen this segment which has consistently generated positive results for us. The Jäger Group operates profitably, is highly successful in the market and enjoys an excellent reputation which makes it a perfect fit for our portfolio. As a long-term investor, we look forward to participating in the Company’s continued successful development and supporting it in the years to come.”

“For over 65 years Schrauben-Jäger has been successful in the market and was able to positively shape the past three years despite many challenges. Thanks to the new owner Serafin, we have achieved an optimal succession solution. Our Company will be in good hands in the future. Our positive discussions and the development of Serafin Group to date were decisive for our decision”, states the shareholder and chairman of the supervisory board Andrea Jäger.

Closing of the transaction is expected in the first quarter of 2023. The deal is subject to the approval of the antitrust authorities. It was agreed not to disclose the financial details of the transaction.

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