Indutrade today signed an agreement to acquire all of the shares in Euroflon AB, Sweden, with annual sales of approximately SEK 40 million.
Euroflon is a supplier of customised metal, PTFE and silicon tubing, compensators and quick-connect fittings. Its products come from leading manufacturers, with primary customer applications in the process, pharmaceutical and food industries.
Possession will be transferred today, and the company will be part of Indutrade’s Flow Technology business area. The acquisition is expected to have a marginally positive impact on Indutrade’s earnings per share.
Stockholm, 30 August 2012
INDUTRADE AB (publ)
For further information, please contact:
Johnny Alvarsson, President and CEO, tel. +46 70 589 17 95.