4/27/2007 6:00 AM Ahlsell acquires Swedish distributor of tools and machinery
Ahlsell AB has agreed with the owners of Industripartner i Småland to acquire its operations. Industripartner sells industrial supplies and steel from its shop and warehouse to industrial customers. The operations are concentrated in Emmaboda (southern Sweden) and surroundings, and the company has an annual turnover of about SEK 40 million and 11 employees.
"Industripartner is a well established and profitable company. The acquisition strengthens Ahlsell's position in Småland within the product range of Tools & Machinery" says Göran Näsholm, President and CEO of Ahlsell.
Industripartner was founded in February 1992, and is today a distributor of tools and machinery, industrial supplies and merchant steel among other things. The employed owners will continue work in new positions within Ahlsell's sales organisation.
Ahlsell has made more than 40 acquisitions during the last ten-year period, and Industripartner will be Ahlsell's 91st establishment in Sweden.
The acquisition is estimated to take effect on May 2, 2007.
For further information, please contact Göran Näsholm, President and CEO, on +46 708 23 71 00 or Camilla Weiner, CIO, on +46 734 04 70 62.
Ahlsell is the Nordic region's largest trading company within installation products, tools and machinery. Ahlsell offers professional users a wide range of goods and peripheral services within the product segments of Heating & Plumbing, Electricity, Tools & Machinery, Construction, Refrigeration and DIY (Do-it-yourself). The Group has an annual turnover of about 2 billion Euro and some 4,500 employees. We operate in Sweden, Finland, Norway, Denmark, Estonia and Russia.