Setterwalls advises Bulten AB (publ) in connection with the formation of a joint venture with Ramco Specialities inc. for fastener solutions for the North American market

Setterwalls has advised Bulten AB (publ) (”Bulten”), one of the largest suppliers of fasteners to the international automotive industry, in connection with the formation of a joint venture with the North American fastener supplier Ramco Specialties Inc. (”Ramco”) for the offering of sales and distribution of fasteners for the North American automotive market.

In connection therewith, Setterwalls has also advised Bulten with the formation of a U.S. subsidiary for the manufacturing of fasteners for the same market.

The joint venture will operate under the name Ram-Bul LLC and is owned equally (50/50) by Bulten and Ramco. Bulten’s total investment is estimated at approximately USD 9 million and the annual business potential for Bulten is estimated at approximately USD 30-40 million at full volumes by 2020.