HESTIA has acquired Le Groupe STEP to enhance its industrial presence and operational capabilities in the French retail sector.
Information on the Target
Le Groupe STEP is a fully integrated French industrial group specializing in wood and metal processing for the industry and retail setups. The group comprises four complementary entities: STEP, a manufacturer of metal furniture and components for sectors such as automotive, rail, and energy; FC2AA, a producer of custom wood furniture and installations; RASEC AMÉNAGEMENT, which specializes in checkout furniture and retail fixtures for various market segments including pharmacies and luxury stores; and RASEC BELGIQUE, the distributor of RASEC AMÉNAGEMENT's products in Belgium.
The group operates four production sites in France, strategically located to enhance industrial synergies and minimize reliance on external subcontractors. In 2022, Le Groupe STEP generated approximately €35 million in consolidated revenue and boasts a strong client base that includes notable names from the retail, automotive, rail, banking, and luxury sectors.
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Industry Overview in France
The French industrial sector continues to be a cornerstone of the national economy, contributing significantly to both GDP and employment. The industry is currently undergoing transformations driven by advancem
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Disclosed details
Revenue: $35M