Lindab acquires French ventilation distributor

Dienstag, 01.11.2011 08:33 von 

Lindab has entered an agreement to acquire Elia Sarl, a one-stop ventilation
distributor with a strong local market presence in the south of France.

The company has a modern branch located in Montpellier, a fast-growing area for
ventilation in France, generating annual sales of around SEK 20 m.

President and CEO David Brodetsky comments:
"This small acquisition is a perfect strategic fit. It is a successful business
that will be able to grow even quicker as part of Lindab. By integrating the
business into our branch network we will benefit from several synergies. The
branch in Montpellier complements our geographical footprint in France, already
strengthened with new outlets in Bordeaux and Lille earlier this year. In total
we have now 15 points of sale in France."

End



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 The information here is that which Lindab International AB has willingly
 chosen to make public or that which it is obliged to make public according to
 the Swedish Securities Market Act and/or the Financial Instruments Trading
 Act.
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Contacts:

LINDAB
David Brodetsky, CEO
Email:david.brodetsky@lindab.com
Mobile: +46 (0)73 274 5418

Nils-Johan Andersson, Business Area Manager, Ventilation
Email:nils-johan.andersson@lindab.com
Mobile:+46 (0)70 668 5075



Lindab - A Ventilation and Building Products company:

Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
climate.

The business is carried out within three business areas, Ventilation, Building
Components and Building Systems. The products are characterised by their high
quality, ease of assembly, energy efficiency, consideration towards the
environment, and are delivered with high levels of service. Altogether, this
increases customer value.

The Group had net sales of SEK 6,527 m in 2010, was established in 31 countries
and had approximately 4,400 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for 20 percent of sales. During 2010, the Nordic market accounted for 45
percent, CEE/CIS (Central and Eastern Europe as well as other former Soviet
states) for 22 percent, Western Europe for 29 percent and other markets for 4
percent of total sales.

The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For
more information visit www.lindabgroup.com







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     originality of the information contained therein. 
    
Source: Lindab International AB via Thomson Reuters ONE

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