Setterwalls has advised Bulten AB (publ) in connection with the acquisition of all shares in PSM International at a purchase price of 24.5 million USD.
Bulten AB (publ) has entered into agreement to acquire all shares in PSM International Holdings Ltd. The acquisition strengthens Bulten’s position in the international fasteners market and provides a strong platform for continued growth globally. The purchase price amounts to USD 24.5 million (SEK 230 million) on cash-free and debt-free basis. PSM International, founded in 1931, develops, manufactures and supplies fasteners to international markets, primarily in the automotive industry. The company has approximately 350 employees, production units in China, Taiwan and the United Kingdom, as well as distribution centres in 22 countries.