Troax Group AB acquires Folding Guard, a division within Leggett & Platt US
Press release, Hillerstorp 15 December 2016, 08.00 CET Troax Group AB has through its wholly-owned subsidiary Troax Inc. entered into an agreement to acquire Folding Guard, a leading American manufacturer of indoor perimeter protection solutions. The seller is the publicly traded company Legget & Platt.The acquisition is in line with Troax Group’s ambition to gain a significant market position in North America. The acquisition is financed through existing cash and a tap issue under the company’s existing bond loan. Closing of the transaction is set to the end of December 2016. Customary