Avedon strengthens bearings and spindle manufacturer SLF through acquisition of STI, a specialized engineering trading company

Article in German (PDF)
Fraureuth/Wackersdorf, August 31st, 2020 – Spindel- und Lagerungstechnik Fraureuth GmbH (“SLF”) a leading niche manufacturer of specialized spindles and roller bearings located in Fraureuth, Germany, today announces the acquisition of STI GmbH (“STI”), a specialized engineering trading company. The transaction was completed in the form of an asset deal and the parties agreed not to disclose the purchase price or further details of the transaction.

As part of a succession solution, SLF has acquired the family business STI. Founder and CEO Ralf Teufert will stay on board as CEO for a transition period and thereafter reduce his operational responsibilities over time. With the acquisition SLF further expands the group’s product spectrum with demanding, customized engineered products and solutions as well as s strengthens its worldwide sourcing network. which will help improve the group’s competitive positioning in attractive end-markets, further grow the OEM customer base, as well as increase the international footprint.

Michael Ludwig, CEO of SLF comments:
“We are very excited to announce that STI is joining the SLF group. The acquisition of STI fits well with our overall strategy to expand our competences in developing customized solutions for demanding applications. STI is a particularly well positioned niche business with strong engineering competences as well as long-standing customer relationships. Through joining forces, SLF and STI will both benefit from the strong complementarity of the businesses as well as the ample synergy potential.”

Ralf Teufert, CEO of STI comments:
“Becoming part of the SLF group excites us. We see great synergy potential in combining forces on both, the sourcing as well as the engineering and sales side. As SLF is a key customer of ours, we established a long-standing, close relationship over many years and are excited to intensify this relationship in the future.”

The enlarged SLF group will continue to be supported by Avedon Capital Partners, a leading mid-market growth investor based in Germany and The Netherlands, as well as the four founders of SLF. Since 2019, Avedon is invested in SLF and supports the company’s succession- and growth plan.

Alexis Weege, Partner at Avedon, adds:
“STI is a unique, well-positioned company that fits well with SLF’s strategy to expand the product offering with customized solutions for demanding applications as well as strengthen its international presence. We are looking forward to further supporting the combined group and leveraging the synergy potential.”


About STI
STI GmbH is a niche specialized engineering trading company which was founded in 1995, is headquartered in Wackersdorf and today employs 21 employees. STI combines strong engineering competence to develop customized products and components with a strong worldwide sourcing network and is thus able to provide its customers with specialized products and solution development.

About Spindel- und Lagerungstechnik Fraureuth GmbH
Spindel- und Lagerungstechnik Fraureuth GmbH (“SLF GmbH”) is a German spindles and bearings manufacturing company which was founded in 1993 and .is headquartered in Fraureuth (Saxony). The Company today employs 350 employees. SLF offers spindle and roller bearings in the diameter size range of 40mm to 1600mm to predominately OEM customer with a clear focus on high-end specifications for demanding applications.

About Avedon Capital Partners
Avedon is a leading growth capital investor based in Düsseldorf and Amsterdam. Avedon invests in small and medium-sized companies in Western Europe with a focus on the software & technology, industrials, consumer & leisure, and business services sectors. Avedon works closely with its management teams to realize growth ambitions and has a long track record of successfully delivering results through autonomous growth and buy-and-build strategies. For more information please visit www.avedoncapital.com

For further inquiries, please contact:

Michael Ludwig, CEO SLF, M.Ludwig@slf-fraureuth.de, +49 3761 801 210
Alexis Weege, Partner, alexis.weege@avedoncapital.com, + 49 211 5988 906