Ratos: Atle Industri sells Pressmaster
Atle Industri is selling its wholly owned subsidiary Pressmaster to Albin Invest for SEK 45m. The deal will result in an exit gain for Atle Industri of SEK 21m. Pressmaster, which manufactures and markets precision tools for crimping and cable termination, had sales of SEK 79m in 2005 and posted an operating profit (EBITA) of SEK 5m. The company belongs to Atle Industri which is owned jointly (50/50) by Ratos and 3i. Atle Industri's mission is to develop its holdings and then find new owners for them when the time is right. For Ratos, the sale of Pressmaster will result in an exit