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.
