Maw Comms news
Howes Percival advises on sale of Stuga
Howes Percival has advised Stuga Machinery (Stuga), a specialist automated machinery manufacturer, on its sale to Stürtz Group (Stürtz), a global producer of machines and automated solutions for the window production industry.
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.
Commenting on the deal, Oliver 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.”
Steve Haines, sales director and Gareth Green, technical director of Stuga said: “We are excited to start on this next phase of the Stuga story with such a credible and technologically advanced partner in Stürtz, who we are looking forward to working with to grow the business, add value to our customers and provide opportunities for our staff. We would like to thank Howes Percival for their support and expertise throughout this process which helped ensure the successful outcome for the shareholders and the business of Stuga.”
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.”
For more information on Howes Percival’s Corporate team or help with acquisitions or disposals, please visit our website here https://www.howespercival.com/services/corporate/
For further information please contact:
Gordon or Liz at MAW Communications on 01603 505 845
Notes to editors:
Howes Percival has offices in Cambridge, Leicester, Manchester, Milton Keynes, Northampton and Norwich. It has 51 partners and 169 lawyers in total.
The firm is recommended in The Legal 500 – the authoritative guide to the UK’s leading law firms. In the 2022 guide, no fewer than 11 different departments achieved the guide’s highest possible ranking (Tier 1): Corporate and Commercial; Dispute Resolution – Commercial Litigation; Dispute Resolution – Debt Recovery; Finance – Insolvency and Corporate Recovery; Human Resources – Employment Law; Private Client – Agriculture and Estates; Private Client – Tax, Trusts and Probate; Real Estate – Commercial Property; Real Estate – Property litigation; Real Estate – Environment & Planning; Intellectual Property.