Lemont AB acquires Svanströms Lackeringar
Lemont AB, Ludvika, part of Amymone Industry, Vasterås, has acquired Svanströms Lackeringar (Svanströms) with operations in Smedjebacken. Svanströms, with sales of approximately MSEK 15, is a surface treatment company with customers in the energy, forestry, and industrial sectors.
"The acquisition of Svanströms is a step forward that will strengthen our position as a full-range supplier in the areas of machining, surface finishing and assembly. Svanströms' know-how, expertise and customer base are a good complement to our business. Svanströms' customers are world leaders in their fields and they have a long-term strategic position in the market," says Thomas Olofsson, Managing Director of Lemont.
"Selling the company has been a major and difficult decision for me. However, I realise that the new owners, Lemont, will provide the resources we need to take another step in the development of the company. We will thus fulfill our customers’ expressed needs that Svanströms should expand and broaden its customer base," said Kenneth Svanström, owner and Managing Director of Svanströms.
"By having Kenneth Svanström remain in the role of Managing Director, we ensure that Svanströms will continue to create value for our customers while we take the company into the future together," concludes Tomas Olofsson.
About Lemont AB
Lemont AB’s owner, Amymone Industry, is focused on investments in traditional industrial companies. Amymone’s business concept is to develop sustainable companies with strong profitable growth through active, responsible ownership and professional, proactive management.
Prior to the acquisition, the company had 10 companies which together in 2013 reported sales in excess of MSEK 850 and employed about 550 people. The company’s operations are located in Ludvika, Hedemora, Kinna, Knivsta, Enånger, Rydaholm, Sala, Ockelbo, Alfta, Kalmar and Shanghai.
For more information:
Tomas Olofsson, Managing Director, Lemont AB, 070-564 03 50
Kenneth Svanström, Managing Director, Svanströms, 070-215 17 12