STOCKHOLM, Sweden, June 23, 2004 (PRIMEZONE) -- Nefab has entered into an agreement for the acquisition of the total share in Packinn NV, Belgium.
Packinn provides transport packaging, mainly to the export industry. The company's main market is Belgium and the turnover is approximately Euro 4 M.
The acquisition is a step forward in Nefab's strategy to increase the presence of the market in Europe. At the same time the acquisition means a broadening of the product range and the product competence.
The acquisition is expected to have a positive affect on Nefab's profit per share in the first year.
"Packinn is well established on the Belgian market and has many interesting products in its portfolio", says CEO Lars-Ake Rydh. "Our intention is to use the competence in the company to develop business in other European markets. The acquisition is another step forward in Nefab's strategy to deliver complete packaging solutions worldwide." Rydh continues.
For further information, contact President and CEO Lars-Ake Rydh, tel +46-70-592 45 70, e-mail lars-ake.rydh@nefab.se or
Director of Sales and Marketing Bo Angelstrand, tel +46-70-558 26 15, e-mail bo.angelstrand@nefab.se
Jonkoping/Brussels, June 23, 2004
Lars-Ake Rydh President and CEO
About Nefab
Nefab delivers complete packaging solutions to international industrial groups, primarily within the telecom equipment and automotive industries. Nefab companies are located in Europe, North and South America and Asia. Invoiced sales in 2003 amounted to slightly above SEK 1 billion. The Nefab share is listed on Stockholmsborsen.
Nefab AB (publ)
Ostra Storgatan 20 . P O Box 2184 . SE-550 02 Jonkoping . Sweden Telephone +46(0)36-345050 . Telefax +46(0)36-150444 . Organization No. 556226-8143 Homepage: www.nefab.se . E-mail: info@nefab.se
The registered office of the board of directors is in Ovanaker, Sweden
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