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Share 2016-09-26 17:29 RATOS B 39.60 SEK

Haendig sells HDF-Bolagen

2006-11-28

Haendig has today concluded an agreement with Edw. H Thomée in Malmö for the sale of HDF-Bolagen.
 
Over the past year, Haendig has carried out a strong concentration of its operations. Following the sale of HDF-Bolagen, the group will have a clear focus on strong own brands for the building trade and the DIY sector.
 
Haendig's CEO, Thomas Holmgren, comments: "We are now concentrating on the strong brands Hafa, Westerbergs, Duri, Lundbergs and Sven Svenssons. With these operations we are planning for continued growth primarily in the Nordic market."
 
Thomée together with HDF-Bolagen will be a strong player in the Nordic region with annual sales in excess of SEK 850m. In an industry where there is a substantial need for rational and efficient materials handling, the competitiveness of the two companies will now be strengthened.
 
Through the sale HDF-Bolagen, which has annual sales of SEK 320m, Haendig will release over SEK 100m. The parties have agreed not to disclose the terms for the transaction.
 
Haendig, which is 100% owned by Ratos, is an active trading company with a focus on strong own brands for the Nordic building and DIY trade. After the divestments now in progress, the group will comprise the subsidiaries Hafa Bathroom Group (with the Hafa and Westerbergs brands), Duri, Lundbergs Produkter and Sven Svenssons. Haendig's 2005 sales totalled approximately SEK 1,290m with a profit after tax of SEK 32m.
 
 
For additional information, please contact:
Stig Karlsson, Senior Investment Manager Ratos, +46 70-641 13 45
Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 70-399 62 39
Thomas Holmgren, CEO Haendig, +46 705-736 700