2010-12-10
Avantus advisor when Långshyttan Slipservice is acquired by Latour
Avantus Corporate Finance is proud to have acted as advisor to the owners of Långshyttan Slipservice AB (LSAB) in connection with the disposal of LSAB to Investment AB Latour and its business area Latour Industries.
The owners of LSAB sell 100 % of the company to Latour Industries AB. LSAB, with headquarters in Långshyttan, has 150 employees and net sales of SEK 150 million. The company sells, manufactures and services cutting tools for the wood and steel industries on the Swedish, Finnish, Estonian, Latvian and Russian markets.
Latour Industries already owns companies that manufacture and service cutting tools in the Fortiva Group. After the acquisition this company will be integrated into LSAB.
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