Founded in 1922 and headquartered in Boulay (Moselle – Eastern France), SIB is a leading electrical distribution protection specialist generating €22m in sales. SIB designs, manufactures, and markets cable glands and accessories for various industrial market segments as well as building parts for the French construction market.
Further to a strategic review, Schlemmer Group determined that SIB, its French subsidiary, was no longer core to its strategy, and accordingly initiated a divestment process.
“Leveraging on SIB’s longstanding market heritage and its leading business position, the carve-out stands as a great opportunity to sustain highest industry standards and further penetrate French and international markets” says Gilles Lherbier.
Guillaume Suizdak, Managing Director at Lincoln International, commented, “Congratulations to all parties involved in this transaction, which evidences the continued stream of corporate spin-offs led by Lincoln globally and represents the fourth corporate divestiture by Lincoln France just this year.”
Lincoln International acted as the exclusive financial advisor of Schlemmer Group, working closely with SIB’s top management team. Leveraging on its Industrial franchise, Lincoln provided advisory and industry expertise to manage the transaction process to a successful outcome.