Bufab Holding AB (publ)
Värnamo, February 26, 2015
Bufab Holding AB (publ) has acquired 100% of the shares in Flos B.V.
Flos is a leading Dutch C Parts and components supplier. The product range of around 60,000 articles includes both fasteners and special mechanical components. Flos is a supply chain partner focusing on providing an end-to-end solution, often customizing parts and logistics flows for each customer. This approach is in line with Bufab's focus on Global Parts Productivity(TM). The company serves both domestic and international customers across a wide range of industries. The acquisition of Flos will complement Bufab's current operations within the Netherlands, and further strengthen Bufab's position within specialized C Parts.
Flos, founded in 1963, is based in Eindhoven, the Netherlands, has 52 employees and recorded net sales in 2014 of around €17m. The acquisition takes effect as of today, and will be reported within Bufab's segment International, region Central. The acquisition is expected to contribute positively to Bufab's earnings per share as of 2015.
"Bufab is a well-known leader within our industry and has the international presence and network needed for our further expansion. We very much look forward to being a part of the Bufab Group", says Wim Louwers, Owner & Managing Director of Flos.
"Flos has a solid reputation in the market and perfectly matches Bufab's strategy of providing productivity solutions for our customers. Flos's knowledge of specialized C parts and its strong position in the Netherlands complements and strengthens Bufab", comments Jörgen Rosengren, President and CEO, Bufab.
For additional information, please contact:
Jörgen Rosengren, President and CEO
tel: +46 370 69 69 01
Boel Sundvall, Director of Communication and Investor Relations
ir@bufab.com
tel: +46 370 69 69 61
About Bufab
Bufab is a trading company that offers its customers a full-service solution as Supply Chain Partner for sourcing, quality control and logistics for C-Parts (screws, nuts, etc). Bufab's Global Parts ProductivityTM customer offering aims to enhance the productivity of the customer's value chain for C-Parts.
Bufab was founded 1977 in Småland, Sweden and an international company with operations in 23 countries. The head office is located in Värnamo, Sweden and Bufab has about 800 employees. Bufab's sales for 2014 amounted to 2.2 billion SEK and adjusted operating margin was 9 per cent. Bufab is listed on NASDAQ Stockholm, under the ticker "BUFAB". Please visit www.bufab.com for further information.
This information is in accordance with the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act and/or the regulations of NASDAQ Stockholm. The information was submitted for publication at February 26, 2015, at 08.00.
