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Monday, 16 September 2019
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Markets & companies, Raw materials market

Safic-Alcan completes acquisition of its Swedish subsidiary Safic-Alcan Nordic

Thursday, 14 July 2016

Safic-Alcan, an international distributor of specialty chemicals, has successfully gained full ownership of its Swedish subsidiary, Safic-Alcan Nordic.

Safic-Alcan completes acquisition of its Swedish subsidiary Safic-Alcan Nordic. Source: Safic-Alcan

Safic-Alcan completes acquisition of its Swedish subsidiary Safic-Alcan Nordic. Source: Safic-Alcan

Safic-Alcan has completed the acquisition of the remaining 50% stake of its Northern European subsidiary Safic-Alcan Nordic to become the sole shareholder. The acting President, Magnus Lindeberg, will remain in place and will continue to actively manage the business.

Based in Kungsbacka (Sweden)

Founded in 1997 as Nordica Elastomer, the Swedish based distributor and business agent is active on the markets of plastic, rubber, adhesives, elastomers, thermoplastics polyurethane, asphalt and bitumen. The company operates in Sweden, Denmark, Norway, Finland and Baltic. Safic-Alcan Nordic has more than 200 customers and work with over 30 principals and associates in the region. Its strong technical and market knowledge allowed Safic-Alcan Nordic to create technical partnership with most of its principals and customers.

With 5 strategically located warehouses in the Nordic and Baltic regions, Safic-Alcan Nordic is committed to provide customised logistic solutions with optimised route and quick delivery time. Safic-Alcan Nordic employs 10 people and is based in Kungsbacka (Sweden). The company has registered EUR 12 million in revenues in 2015.

Strategy of growth in Northern Europe

"We are excited with the acquisition of Safic-Alcan Nordic and optimistic regarding the company's future prospects. With this acquisition we made significant progress toward our strategy of growth in Northern Europe while achieving our vision of leading market positions delivering innovative products across Europe,” stated Martial Lecat, CEO of Safinca, the holding company of Safic-Alcan Group.

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