Press

2013-03-27 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.



PRESS RELEASE 10 JANUARY 2012

Jan Åke Jonsson new Chairman of the Board in Ledstiernan's portfolio company Polstiernan Industri AB

Jan Åke Jonsson, former CEO of Saab Automobile, will assume the role as Chairman of the Board in Polstiernan Industri AB in connection with the annual general meeting in 2012. Jan Åke Jonsson will participate in the work with developing Polstiernan's strategy for the coming years already in January 2012

"Jan Åke has significant competence and experience from primarily the car industry which will prove very valuable in the continued work to further develop the Polstiernan Group. Jan Åke has a long experience from top level management and a deep and broad competence within development, production, sales and marketing. These areas are the most important for the future development of Polstiernan, and we have since Jörgen Ekdahl started as Polstiernan's CEO in the beginning of 2011 heavily strengthened the Group's resources within these central areas. As a result of the recruitment of Jan Åke we gain further possibilities to strengthen our position as a leading sub supplier." says Fredrik Lindgren, member of the Board of Directors in Polstiernan Industri AB and President of Ledstiernan AB.

For further information, please contact:

Fredrik Lindgren, President Ledstiernan AB, phone: +46 8 545 035 20,
mobile: +46 708 54 44 20, e-mail: fredrik.lindgren@ledstiernan.se

Jörgen Ekdahl, CEO Polstiernan Industri, mobile: +46 709 38 41 90,
e-mail: jorgen.ekdahl@polstiernanindustri.se

Polstiernan Industri

The Polstiernan Industri Group is a leading sub supplier within products and components made in metal. The Groups customers can be found primarily within furniture manufacturing, health care, energy and other industries. The Group currently consists of the two companies Pallco AB and R-man i Värnamo AB. Pallco develops and manufactures customer specific products and components made in metal. Through intelligent solutions, entrepreneurship and material knowledge the company contributes to its customers' success. R-man is a specialist in manufacturing of complex tube constructions with cutting edge expertise in tube bending and welding. www.polstiernanindustri.se

Ledstiernan

Ledstiernan AB is an investment company with the business concept to, as an active owner, help growth companies realize their potential with a view to attain maximum long-term value growth. www.ledstiernan.se
 

Ledstiernan AB, Malmskillnadsgatan 39, 111 38 Stockholm, phone: +46 8 545 035 00, Fax: +46 8 545 035 35

Contact Pallco

Phone: +46 383 - 348 00
E-mail: info@pallco.se

Address

Pallco AB
Forngatan 25
SE-574 50  Ekenässjön
SWEDEN

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Copyright 2012 Pallco AB

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