Lindab completes the acquisition of Danish Muncholm, specialists in products for tinsmiths

On 8 June, Lindab announced the acquisition Muncholm A/S, Denmark's leading wholesaler for tinsmiths. The acquisition was subject to approval by the Danish competition authorities, which was received on 30 June. Lindab has today completed the acquisition and Muncholm will be part of Lindab from 6 July.

Muncholm processes steel, zinc, copper and aluminium and offers solutions for roofs and facades. The company is a leader in aluminium facades and self-supporting roofs. They also have an extensive range of machines and tools. They are known for their high level of service and for offering support with drawings and construction expertise.

Muncholm has its operations in Hadsten outside Aarhus in Denmark. The company has annual sales of approximately SEK 250 million and 20 employees. The operating margin is in line with Lindab's operating margin.

Read more about Muncholm on their website: https://muncholm.dk/

Contacts:

Ola Ringdahl
President and CEO
E-mail: ola.ringdahl@lindab.com
Phone: +46 (0) 431 850 00

Catharina Paulcén
Head of Corporate Communications
E-mail: catharina.paulcen@lindab.com
Mobile: +46 (0) 701 48 99 65

Lindab in brief

Lindab is a leading ventilation company in Europe. Lindab develops, manufactures, markets and distributes products and systems for energy-efficient ventilation and a healthy indoor climate. In northern Europe, Lindab also offers an extensive range of roof, wall and rainwater systems. The products are characterised by high quality, ease of installation and environmental thinking.

The Group had sales of SEK 9,648 m in 2021 and is established in 20 countries with approximately 4,500 employees. The Nordic region accounted for 55 percent of sales in 2021, Western Europe for 29 percent, Central Europe for 14 percent and Other markets for 2 percent.
 
The share is listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB.