On 3rd December 2021 Indutrade signed an agreement to acquire all the shares in the Swedish company Svenssons i Tenhult AB, which has annual sales of approximately SEK 100 million.
Svenssons i Tenhult is a niche technical trading company that offers different types of locks and fittings to OEM customers in the Swedish market. The company’s comprehensive and deep product offering includes mechanical and electromechanical lock systems, door automation, as well as fittings from leading manufacturers.
The company also has a long-standing and close collaboration with Assa Abloy. Customers consist of door manufacturers, window manufacturers, house manufacturers, carpentry, and manufacturers of metal profiles. Svenssons i Tenhult was founded in 1931 and has a total of 18 employees at sites in Tenhult and Knislinge, Sweden.
The acquisition was Indutrade’s 16th in 2021 and is expected to have a marginally positive impact on Indutrade’s earnings per share.
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.
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