Setterwalls has assisted Pegroco Invest AB in connection with its acquisition of shares in Chemgroup Scandinavia AB

Setterwalls has assisted Pegroco Invest AB (“Pegroco”) in connection with its acquisition of the majority of shares in Chemgroup Scandinavia AB.

Chemgroup Scandinavia AB was founded in 2011 and has an annual turnover of approximately SEK 20 million. The company has 16 employees and provides chemical management services including risk assessments, systems, training and logistics solutions. The company is based in Gothenburg but has a broad customer base throughout Sweden as well as occasional customers in Europe, Asia and North America. Through the acquisition, Pegroco becomes the majority owner of the shares in Chemgroup Scandinavia AB. The founders and other shareholders remain as significant owners in the company.

Setterwalls has acted as legal counsel for Pegroco throughout the entire transaction process.