Serafin Group acquires drill bit manufacturer KEIL to strengthen its presence in the market for quality tools.
KEIL, based in Engelskirchen, Germany, is an established manufacturer of quality drill bits for professional end use. For more than 50 years the company is a reliable and competent partner of the tool industry. A total of 60 employees work for the company.
The previous owners and managing directors Petra and Jürgen Bergfelder expressly welcome the involvement of the Serafin Group. “As result of our succession planning, we favoured a long-term partner for KEIL. We are very confident that the new owner will positively impact the strategic development of our company.”
KEIL will remain an independent entity with its own brand identity as well as its own production. As a specialist for quality tools with international presence the company will continue the existing growth path. Additionally, KEIL will benefit from synergies with Serafin owned drill bit manufacturer Heller Tools arising from procurement and production.
Centum Capital has initiated this transaction and advised the buyer in 2017.
”The acquisition of KEIL constitutes a perfect complement to our existing activities in the tool segment. We are able to strengthen our presence specifically in the area of quality drill bits and can extend differentiated product offerings from two strong brands to our customers”, explains Philipp Haindl, managing director of Serafin Group, the rationale for the transaction.