Howes Percival advises on sale of Stuga Machinery
Law firm Howes Percival has advised Stuga Machinery, a specialist automated machinery manufacturer, on its sale to German company Stürtz Group – a global producer of machines and automated solutions for the window production industry.
No figures have been disclosed for the deal but its industry impact is significant.
The deal enables Stuga to expand its technological capabilities and grow its portfolio of machining products, to further enhance its customer offering across the UK and Ireland.
Based in Great Yarmouth, Stuga is a specialist designer, manufacturer and supplier of automated machinery. The business provides quality automatic sawing and machining equipment to the window and door industry across the UK and Ireland.
Post transaction, Stuga will develop an integrated service offering that will include Stürtz’s complementary products and services, including welding, cleaning, logistics and sorting systems.
Stürtz is a global manufacturer of plant and equipment for window production, headquartered in Neustadt (Wied), Germany. The deal represents its first acquisition since receiving investment from Berlin-based private equity investor capiton AG in 2021 and highlights the group’s commitment to its international growth strategy.
Stuga and Stürtz are now well positioned to benefit from increasing demand for automated solutions and energy efficiency, as well as predictive maintenance across the window and door manufacturing industry, and the transaction will allow Stuga to grow its UK operations and invest in its UK production facility.
The Howes Percival team was led by corporate Partner, Oliver Pritchard, supported by Lizzy Page, and worked alongside FRP Corporate Finance advising Stuga.
Pritchard said: “Stuga is a fantastic business with a very proud history in the region.
“They are a fine example of a British engineering company, designing, building and supporting products in this country and this deal will enable them to carry on investing and growing to meet the increased demand for their machinery.”
Jörg Breuer, CEO of Stürtz, added: “Stürtz is delighted to welcome Stuga to the group. The company has continuously delivered high quality machines and an exceptional service to its customers, and we are looking forward to working with Stuga’s management to expand its technological capabilities and provide a full suite of machining products to customers in the UK and Ireland.”