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Indutrade acquires packaging company

Indutrade acquires packaging company

M & A Press Release Sep 25 2014

Indutrade acquires packaging company

Indutrade today acquired all of the shares in BL Products AB, Sweden, with annual sales of SEK 20 million.

BL Products sells and installs packaging machinery. Product examples are molding, filling and sealing machines. Customers are mostly in the Swedish food industry.

Possession will be transferred today, and the company will be part of Indutrade’s Industrial Components business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.

About Indutrade
The Group is organised into five business areas: Engineering & Equipment, Flow Technology, Fluids & Mechanical Solutions, Industrial Components and Special Products.

For further information, please contact:
Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.