SAFIC-ALCAN
Full ownership of Swedish subsidiary / Strategic expansion in northern Europe
Taking a “significant” step towards its strategy of growth in northern Europe, French speciality chemicals distributor Safic-Alcan (Puteaux; www.safic-alcan.fr) in mid-July announced that it had acquired full control of Safic-Alcan Nordic (Kungsbacka / Sweden; www.safic-alcan.se), its north European subsidiary. Financial details of the transaction were not disclosed. Magnus Lindeberg will remain president of the company, which employs 10 workers and operates five warehouses in the Nordic and Baltic regions.
Specialised in the distribution of plastics, adhesives, elastomers and thermoplastic polyurethanes, among others, Safic-Alcan Nordic posted sales of EUR 12m in 2015.
Specialised in the distribution of plastics, adhesives, elastomers and thermoplastic polyurethanes, among others, Safic-Alcan Nordic posted sales of EUR 12m in 2015.
19.07.2016 Plasteurope.com [234565-0]
Published on 19.07.2016