Lindab strengthens distribution within Ventilation business area with Belgian acquisition
(Thomson Reuters ONE) -
Lindab has entered an agreement to acquire the Belgian ventilation distributor,
Airflux, with three sales premises in Belgium, comprising one distribution
centre and two unmanned branches. The company has sales of just over SEK 20 m.
Airflux has already been selling Lindab products and is aimed at both the
residential and non-residential segments. Airflux's direct contact with
customers and installers, as well as their technical expertise, will benefit the
sales of Lindab products. The concept of unmanned branches has been introduced
to increase accessibility and flexibility for the customer, and this has been
very well received in Belgium. Lindab plans to develop and extend this
distribution concept further.
President and CEO David Brodetsky comments: "Being close to the customer is
central to our business model, which is why we put great emphasis on expanding
distribution. The concept of unmanned branches that are open 24/7 has proven
successful in Belgium where customers now can plan their visits to avoid traffic
jams in rush hour. It is a cost effective way of expanding our presence and we
will therefore be introducing it into other selected markets as well."
End
The information here is that which Lindab International AB has willingly chosen
to make public or that which it is obliged to make public according to the
Swedish Securities Market Act and/or the Financial Instruments Trading Act.
Contacts:
LINDAB
David Brodetsky, CEO
Email:david.brodetsky(at)lindab.com
Mobile: +46 (0)73 274 5418
Nils-Johan Andersson, Business Area Manager, Ventilation
Email:nils-johan.andersson(at)lindab.com
Mobile:+46 (0)70 668 5075
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system
solutions primarily in steel for simplified construction and improved indoor
climate.
The business is carried out within three business areas, Ventilation, Building
Components and Building Systems. The products are characterised by their high
quality, ease of assembly, energy efficiency, consideration towards the
environment, and are delivered with high levels of service. Altogether, this
increases customer value.
The Group had net sales of SEK 6,527 m in 2010, was established in 31 countries
and had approximately 4,400 employees. The main market is non-residential
construction, which accounts for 80 percent of sales, while residential accounts
for
20 percent of sales. During 2010, the Nordic market accounted for 45 percent,
CEE/CIS (Central and Eastern Europe as well as other former Soviet states) for
22 percent, Western Europe for 29 percent and other markets for 4 percent of
total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under
the ticker symbol LIAB. The principal shareholders are Ratos, Sjätte AP-fonden
and Skandia Liv. For more information visit www.lindabgroup.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Lindab International AB via Thomson Reuters ONE
[HUG#1514054]
Unternehmensinformation / Kurzprofil:
Datum: 11.05.2011 - 08:16 Uhr
Sprache: Deutsch
News-ID 54507
Anzahl Zeichen: 3903
contact information:
Town:
BÃ¥stad
Kategorie:
Business News
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"Lindab strengthens distribution within Ventilation business area with Belgian acquisition"
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