Bufab AB has signed an agreement to divest its manufacturing companies Bufab Lann AB and Hallborn Metall AB to Arbona Industri AB for a purchase price of SEK 230 million on a cash and debt free basis. The divestment is a result of the strategic review previously communicated by the Company and aims to maximize the value for Bufab’s shareholders.
Lann and Hallborn are two companies that manufacture components through turning and milling.
During the financial year 2023, the combined net sales for Lann and Hallborn amounted to approximately 5% of the Bufab group’s total net sales.
“I am pleased that we are nearing the end of the strategic review that began in December 2023, and I see the divestments as part of streamlining Bufab’s offering and as a step towards achieving our updated profitability targets. Arbona stood out early on in the process and feels like the right owner to take advantage of and drive Lann and Hallborn forward,” said Erik Lundén, Bufab’s President and CEO.
The transaction is expected to be completed during the third quarter of 2024.
