Latour acquires Hellberg Safety AB

Investment AB Latour, through its wholly-owned subsidiary, Hultafors Group AB, has signed an agreement for the acquisition of Hellberg Safety AB ("Hellberg"), based in Stenkullen. The access takes place with immediate effect.

Hellberg develops and provides hearing protection, face protection and communication solutions as part of the Personal Protective Equipment (PPE). The company was founded in 1962 and was developed to be present in 50 markets with its own development, production, assembly and logistics operations at headquarters in Stenkullen. The turnover of the company is SEK 66 million in 2017, with profitability in line with Latour's financial objectives. The company has about 20 employees.

The acquisition is part of the Hultafors Group's strategy of expanding its offering in the field of PPE. Through this acquisition, Hultafors Group has access to a comprehensive portfolio of state-of-the-art hearing protection products as well as customer relationship with a number of reputable companies.

"We are very pleased with the Hellberg acquisition as we are confident that Hellberg will be a strong complement to the Hultafors Group's growth ambitions in the field of PPE. The future of combining Hellberg's product portfolio with the existing sales network of Hultafors Group, "says Ole Kristian Jødahl, CEO of Hultafors Group AB

" We were already known to Hultafors Group and we are convinced
Hultafors Group's existing customer base and network in a number of markets will be an excellent basis for Hellberg's continued growth, "said Joakim Ohlander and former Hellberg owner Colin MacKenzie.

As a result of 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 c Communicated in the quarterly report of the first quarter of 2018.

Gothenburg, 6 July 2018

INVESTMENT AB LATOUR
Jan Svensson
President and Chief Executive Officer

For more information information, please contact:
Ole Kristian Jødahl, CEO of Hultafors AB, +47 900 88 305
Jens Eriksson, Director, M & A and Strategy Hultafors Group AB, +46 702 114 601

Hultafors Group offers a dynamic set of brands to support in all modes – both for distributors and craftsmen. Through its different brands, Hultafors Group is present in more than 40 countries and has more than 11,000 distribution points. Hultafors Group employs 700 people and achieves an annual business turnover of about 1.9 billion SEK.

AB Investment Latour is a mixed investment company consisting of a wholly owned industrial movement and a portfolio of listed companies of which Latour is the principal owner. by the main owners. The equity portfolio comprises ten major holdings with a market value of about 50 billion Swedish kroner.