Advised on Sale of CompanyMaterials, Chemicals & Mining
Acquired 100% of Business Operations
Plastunion is Scandinavia’s leading supplier within highly automatized production of injection moulded products, produced in moulding tools that are developed, constructed and produced internally. The company has a turnover of 170 MSEK and employs 80 people.
The acquisition is part of KB Components long-term business plan with an objective of increasing customer value and reduces the cyclical sensitivity by creating a balance of light vehicles, heavy vehicles and other industries.
By the acquisition, KB components can offer both existing and new customers a complete solution for development and production of technologically advanced plastic components. The plant in Lithuania provides cost-effective production of labor intensive products while the plants in Örkelljunga, Anderstorp and Värnamo offer highly-automated production of technologically advanced products, specializing in automotive, medical and other industry. Turnover for the KB Components Group will after the acquisition amount to app. 600 MSEK.
“It has been an exciting process with great interest from a number of companies. This is largely due to Plastunion’s strong market position as well as the consolidation trends we have seen in the industry and probably will see more of ”, says Bengt Jönsson, IMAP.
IMAP advised the seller throughout the process.