Indutrade subsidiary acquires construction plastics business
1/29/2010 3:00 AM EST
Indutrade's subsidiary Carlsson & Möller AB today acquired Metallcenter Sverige AB's construction plastics business, with annual sales of approximately SEK 6 million.
The business involves the sale of semi-finished construction plastics primarily to customers in the pharmaceutical, energy and engineering industries.
Through the acquisition, Carlsson & Möller strengthens its position as one of the leading suppliers of construction plastics in the Nordic market.
Organisationally the business will be part of Carlsson & Möller AB, which belongs to the Special Products business area.
The acquisition is expected to have a marginally positive effect on Indutrade's earnings per share.
Stockholm, 29 January 2010
INDUTRADE AB (publ)