Indutrade acquires AG Johansson Metallfabrik in Sweden
2011-10-10
Indutrade today signed an agreement to acquire all of the shares in AG Johansson Metallfabrik AB, with annual sales of approximately SEK 12 million.
AG Johansson manufactures and sells corrosion-resistant valves and pipe components of high alloy steel that meet extremely high hygiene standards. Customers are mainly in the pharmaceutical and food industries. The acquisition will complement Indutrade’s subsidiary Colly Flowtech.
Possession of the company will be transferred today, and the company will be part of Indutrade's Flow Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade's earnings per share.
Stockholm, 10 October 2011
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.