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Investment AB Latour Acquires, Through Its 100% Subsidiary Hultafors Group AB, Hellberg Safety, a Press Release
Hellberg Develops and Delivers Solutions for Hearing Protection, Facial Protection and Communication within the Personal Protective Equipment. Sales amounted to SEK 66 million in 2017. The company has about 20 employees.
According to Latour, the acquisition is part of Hultafors Group's strategy to expand its offering in the field of PPE.
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"Hultafors Group has access to a comprehensive portfolio of advanced hearing products and customer relationships with a number of reputable companies," Latour cries in a press release
"We are very pleased with the acquisition of Hellberg because we are convinced that Hellberg will be a strong complement to the Hultafors Group in its growth ambitions in the field of PPE. Ole Kristian Jødahl, CEO of Hultafors Group AB, believes the Hultafors Group will have many opportunities in the future, combining Hellberg's product portfolio with Hultafors Group's existing sales network [19659008]. The customer base and network in a number of markets will be an excellent base for Hellberg's continued growth, "said Joakim Ohlander and Colin MacKenzie, former owner of Hellberg.
As a result of the acquisition, the net investment debt in Investment AB Latour is expected to increase to around 4.5 billion kronor compared to the level of net debt disclosed in the quarterly report for the first quarter of 2018, says the press release.
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