Hörle Tråd invests in Central Europe

Ola Karlssson, CEO Hörle Tråd AB

2006-04-03 - Press release

Hörle Tråd has acquired Eurofil in Slovakia

Liljedahlsbolagen, through its subsidiary AB Hörle Tråd, has acquired the fixed assets of the Slovakian wire drawing plant Eurofil Drôty s.r.o. In conjunction with this transaction, Hörle Tråd is establishing a wholly owned subsidiary in Nitra, 80 kilometers northeast of Bratislava. The investment in Slovakia amounts to about SEK 50 M. Some 60 employees within Eurofil Drôty are also being taken over.

The acquisition strengthens Hörle Tråd’s position within galvanized wire on the European market and results in a substantial increase in production capacity for primarily cable-armouring wire and staple wire, while at the same time the product program is broadened.

The acquisition in Slovakia is a step in moving closer to the rapidly growing market in Central Europe.

“A number of our customers are currently established in the region. We will now be able to offer them Hörle Tråd’s broad product program through our new subsidiary HT Eurofil s.r.o.,” says Bengt Liljedahl, CEO of the Liljedahl Group.

Currently, Hörle Tråd has operations in Hörle and Gunnebo, Sweden. Sales in 2005 were SEK 270 M.

Liljedahlsbolagen AB

For further information, contact
Bengt Liljedahl, CEO, Liljedahl Group, +46 (0)370 69 38 81
Ola Karlsson, Managing Director, AB Hörle Tråd, +46 (0)370 204 10, +46 (0)70 533 83 67.

Liljedahlsbolagen AB is the family-owned parent company of a Group with five underlying divisions: Machine Tools, Wire, Trucks, Cars, and Properties. All the companies in the Group hold strong positions in their respective markets, with favorable potential for continued expansion. The Group has annual sales of SEK 2 billion, with 630 employees. For additional information, visit the Liljedahlsbolagen website: www.liljedahlsbolagen.se.