Latour acquires EMMA Safety Footwear B.V.
Investment AB Latour has, through its wholly-owned subsidiary Hultafors Group AB, acquired 80 per cent of the shares in Daan Holding B.V. which is the owner of EMMA Safety Footwear B.V. (“EMMA”) based in Kerkrade, the Netherlands. Hultafors Group will gradually assume 100 per cent ownership in Daan Holding B.V. until the first quarter of 2023. EMMA is an industry leading European safety footwear company with a strong presence in central Europe and Benelux in particular. Net sales amounted to 23 MEUR in 2019 with a profitability level in line with Hultafors Group’s strategic objectives.