CM-CIC's SFPI acquires Silac

The deal is part of a buy-and-build strategy announced by CM-CIC Investissement at the time of SFPI's acquisition.

Through its holding company, SFPI invested €3.5m in Silac for a new galvanising production line at a manufacturing site in Fougeres.

In June 2003, private equity fund IDI acquired a minority stake of 12.36% in French building materials manufacturer and industrial supplier SFPI for an undisclosed amount.

In January 2012, IDI sold its stake to CM-CIC for €18.4m. The sale generated a return of 3x for IDI.

Under IDI's ownership, the SFPI group had already made several bolt-on acquisitions. It notably bought electronic security specialist Eryma in 2010.

Company
Founded in 2003, Silac is headquartered in Champlitte, France. The company specialises in galvanising alumium for windows and terraces, as well as producing industrial paints.

The company expects to generat a turnover of €45m for 2017, and employs a staff of 250.

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• Topics
• Expansion
• France
• Industrials
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)
• Build-up