Gunnebo sells all the shares in AC Cerama AB
Gunnebo has today sold all shares in AC Cerama AB, representing 25 per cent of the number of shares in the company. The buyer is the french company Norton Desmarquest Fine Ceramics, which is a part of the Saint Gobain Group. Ceramas business comprises development and production of ceramic components for engineering and process industry. The company has 13 employees and a turnover of about 12 MSEK. Saint Gobain is one of the leading manufacturers of industrial ceramic material in the world. The disposal of the shares in Cerama is a further step towards the Gunnebo Group's long term strategy to concentrate on the core business, and Cerama will have the opportunity of future development through co-operation with Norton. Göteborg July 1,1998 GUNNEBO AB Information For further information contact: Bjarne Holmqvist, President and CEO, or Lennart Gustavsson, Financial director, Gunnebo AB, tel +46(0)31-40 03 60. Gunnebo AB is an international engineering group listed on the Stockholm Stock Exchange A-list. The Group is a leading manufacturer of products for security, perimeter protection, fastening and lifting technologies, as well as special products for the automotive and general engineering industry. The Group comprises Gunnebo Industrier, Gunnebo Perimeter Protection, Gunnebo Security and Gunnebo Gnosjö. Gunnebo has companies in 20 countries in Europe, North America, South America, Asia, Africa and Australia and has totally 3 600 employees. The Group has an annual turnover of about MSEK 4 000, with sales outside Sweden accounted for about 70 per cent.