Altor acquires a majority stake and enters partnership with the founders of Gummigrossen and RengasDuo
Altor Fund IV (“Altor”) has signed an agreement to acquire a majority stake in Gummigrossen i Örnsköldsvik AB (“Gummigrossen”) and RengasDuo OY (“RengasDuo”) from the founders including Mats-Ove Eriksson, Torsten Pettersson and Magnus von Haartman. The founders will remain as significant shareholders of the company and continue in their respective operational management roles.Gummigrossen and RengasDuo are the market leaders among the manufacturer-independent tire distributors in Sweden and Finland respectively. The companies have had an impressive growth with a combined turnover of ca SEK