Bufab has acquired all outstanding shares in the Swedish company Tilka Trading AB (Tilka), with annual sales of approximately SEK 50 million (approximately €4.9 million euros).
Based in Mönsterås, Tilka is a wholesaler supplying fasteners, special parts and logistics solutions to industry. The company was founded in 1978 and has been owned and run by the second generation, siblings Per Karlsson and Lena Johansson since 1999. In January 2015 Tilka appointed an external Managing Director, Yngve Åkesson. Under their leadership, Tilka has expanded the business into a Supply Chain Partner to customers across many industries. In the twelve month period ending August 2021, Tilka had 18 employees and sales of approximately SEK 50 million.
“It will be exciting to follow Tilka's growth journey as part of the Bufab Group. Through them we will bring both expertise and new customers to Bufab. As part of Bufab, Tilka will also have access to the tools, processes, and not least the global network we have developed over the years. The acquisition of Tilka is a good contribution to our growth journey in Segment North, and we are pleased to welcome new ‘Solutionists’ into our team,” says Johan Lindqvist, acting president and CEO who is also group director for segment north.
"By joining Bufab, we will be able to continue to improve our customer service, grow our business and strengthen our team in the same way we have for the last decades. It will be business as usual, with the same high ambition level, but now as a part of a globally leading organisation. We are pleased to continue our development of the business in Tilka, and together with the whole team we look forward to the cooperation with Bufab,” says Per Karlsson, owner at Tilka.
The acquisition closed and take effect today and will be reported within Bufab's Segment North.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
Don't have an account? Sign Up
Signing up to Fastener + Fixing Magazine enables you to manage your account details.
