Press Release - Polstiernan Industri AB acquires JG Metall

Polstiernan Industri AB ("Polstiernan") and JG Metall AB ("JG Metall") have signed
an agreement wherein Polstiernan acquires 100% of JG Metall. Polstiernan
now adds one more industrial company to the group which already consists of
RMAN AB in Värnamo and Pallco AB in Ekenässjön.


JG Metall is a private Swedish company with 35 employees and about 80mSEK in net sales. The
company was established in 1991 and is a company with strong growth. The
company develops and manufactures flexible stands for height-adjustable tables which
fulfil all requirements and demands. JG Metall operates in Bankeryd, Jönköping.

"For us it was important to find a buyer able to act globally, but still with a
local approach and proven industry knowledge. Now a larger market opens for JG Metall, compare to what we alone would have managed to develop ", says Magnus Gustavsson, CEO of JG Metall and one of the owners of JG Metall. "We are proud of what we have developed within JG Metall and I am confident that the new owners will benefit from JG Metall's expertise and products," adds
Magnus Gustavsson.

"This acquisition strengthens our position as a leader in metalworking. JG Metall's products and expertise enable us to act with a broader range, while we see great developments for JG Metall", says Jörgen Ekdahl, CEO Polstiernan Industri AB.

"The acquisition of JG Metall is a step in developing Polstiernan in order to
strengthen our position in a very competitive market. We see in JG Metall a company with already competitive products while ensuring development opportunities as well as synergies together with other companies within Polstiernan ", says Jan-Åke Jonsson, Chairman of Polstiernan Industri AB.

Contact Pallco

Phone: +46 383 - 348 00


Pallco AB
Forngatan 25
SE-574 50  Ekenässjön

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