LIFCO ACQUIRES RAPID GRANULATOR GROUP
Lifco has signed an agreement to acquire Rapid Granulator, a leading global manufacturer of granulators for in-plant recycling of plastic waste.
In 2014, Rapid Granulator reported net sales of approximately 300 MSEK. The Group will be consolidated in division Environmental Technology, a part of the business area Systems Solution. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Rapid Granulator is developing and manufacturing granulators for grinding up and recycling plastic waste. The company is at the forefront of granulator technology and has developed a number of new solutions in granulation within the plastic industry.
Rapid Granulator is a Swedish company established 1942 in Bredaryd in the south of Sweden. The company has today customers in about 150 countries and approximately 160 employees. Manufacturing is mainly taking place in Sweden. The company also has subsidiaries in the US, Germany, France, Italy, Singapore, China and Middle East.
For more information please contact:
Toni Reftman
CEO Eldan Recycling
Phone +45 63 61 25 45
E-mail tr@eldan-recycling.com
Åse Lindskog
Media and investor relations manager
Phone +46 730 244 872
E-mail ir@lifco.se
About Lifco
Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has approximately 100 companies in 30 countries. In 2013, the Group’s net sales amounted to more than SEK 6 billion and the EBITA margin was 11.5%. For more information, visit www.lifco.se.
This information is made public February 18, 2015, at noon according to the Securities Market Act, the Financial Instruments Trading Act and/or the regulations of the NASDAQ OMX Stockholm.
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