Bufab acquired 100% of the shares in Montrose Holdings Ltd.

Founded in 1991, Montrose is a privately owned UK fastener supplier to industrial customers mainly located in the UK.  The company has 45 employees located in High Wycombe and Bedford, England. In the fiscal year which closed in August, 2016, Montrose had sales of approximately GBP 6.4 million and 10% EBIT margin.

The acquisition will be financed within Bufab’s existing credit facilities.

Net of acquisition costs, the acquisition will have a negative effect on Bufab’s operating profit for the fourth quarter of 2016 of approximately SEK 4 million, but is expected to contribute positively to EPS starting in the first quarter of 2017.

“I am very pleased to announce the acquisition of Montrose, an excellent add-on to our existing businesses in the UK and in Europe,” stated Bufab CEO Jörgen Rosengren.

Founded in 1977, Sweden-based Bufab supplies industrial fasteners, with operations in 24 countries and 940 employees. Bufab’s net sales for the past 12 months amounted to SEK 2.8 billion and the operating margin was 9%. Web: bufab.com