Lindab acquires French ventilation distributor
Lindab has entered an agreement to acquire Elia Sarl, a one-stop ventilation distributor with a strong local market presence in the south of France.
The company has a modern branch located in Montpellier, a fast-growing area for ventilation in France, generating annual sales of around SEK 20 m.
President and CEO David Brodetsky comments:
“This small acquisition is a perfect strategic fit. It is a successful business that will be able to grow even quicker as part of Lindab. By integrating the business into our branch network we will benefit from several synergies. The branch in Montpellier complements our geographical footprint in France, already strengthened with new outlets in Bordeaux and Lille earlier this year. In total we have now 15 points of sale in France.”
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The business is carried out within three business areas, Ventilation, Building Components and Building Systems. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had net sales of SEK 6,527 m in 2010, was established in 31 countries and had approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2010, the Nordic market accounted for 45 percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for 22 percent, Western Europe for 29 percent and other markets for 4 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.