case / 01 Dec 2016
Setterwalls advises Svedbergs in connection with an acquisition
Svedbergs i Dalstorp AB (publ) has, through a wholly-owned subsidiary, acquired the business of Macro International Aktiebolag, a wholly-owned subsidiary of Ballingslöv International AB. Macro International is a leading manufacturer of shower enclosures and shower screens in Scandinavia. Ballingslöv International’s parent company, Stena Adactum AB, concurrently acquires a large equity stake in Svedbergs from founder Sune Svedberg and thereby becomes the new principal shareholder of Svedbergs.
Svedbergs is listed on Nasdaq Stockholm – Small Cap. Through Svedberg’s acquisition of Macro International, the Nordic region’s leading company within the field of bathroom furniture and showers is created. The total purchase price for the business amounts to SEK 185 million. The acquisition, which also includes a large industrial property, was approved by the shareholders in Svedbergs at an extraordinary general meeting held on 30 November 2016. Setterwalls has advised Svedbergs in the acquisition of the business as well as in connection with the financing of the acquisition.