Svedala acquires screening-media company

Svedala acquires screening-media company Svedala Industri AB has acquired U.S.-based Ludlow-Saylor, which primarily produces screening media, from Powerscreen International PLC. Ludlow-Saylor, which has its office and sales unit in Warrenton, Missouri, is mainly active on the U.S. market. The company also has a number of distribution centers in the U.S. and Canada. The acquisition broadens Svedala´s product range in the screening field. Sales reported by Ludlow-Saylor in 1997 amounted to about SEK 100 million, with profit after financial items of approximately SEK 12 million. The purchase price for the operations was about SEK 72 million. The takeover is expected to occur at the end of February. Svedala Industri AB Information Services & Market Communications Tel. No. +46 40 24 58 47 Svedala Industri is the world's leading manufacturer of equipment and systems for construction and mineral processing industries and materials handling. Annual sales of the Svedala Group, which has subsidiaries in more than 40 countries, amount to approximately SEK 15 billion, with about 11,000 employees. Operations outside Sweden account for slightly more than 95%. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/10/19990210BIT00680/bit0001.doc http://www.bit.se/bitonline/1999/02/10/19990210BIT00680/bit0002.pdf