Altor to divest major part of Constructor Group to Gonvarri Steel Services
Constructor Group AS (“Constructor Group”) is one of the largest providers of storage solutions in Europe. The Group markets its offering under the brands Constructor, Constructor Logistics, Bruynzeel, Kasten, Dexion and PSS. Constructor Group was acquired in 2007 by Altor Fund II (“Altor”).On the 4th of October, Altor signed an agreement to divest Constructor Group – excluding the Bruynzeel brand and offering - to Gonvarri. Constructor Group will become a part of Gonvarri Steel Services, a business with 36 steel service centers and a global market footprint. Gonvarri Steel Services had in