NORRES acquires Swedish industrial hose distributor Jarl Elmgren AB
Gelsenkirchen / Frankfurt (Germany), Halmstad (Sweden), 17 February 2020 - NORRES Group (“NORRES”), a portfolio company of the Triton Smaller Mid-Cap Fund (“TSM”), has acquired the Swedish hose distributor Jarl Elmgren AB (“Jarl Elmgren”). Terms and conditions of the transaction are not disclosed.
Jarl Elmgren is a specialist distributor of flexible hoses, offering a wide range of hoses and accessories. In particular exhaust hoses, vacuum hoses, dental tubing, hoses for ventilation as well as for transportation of liquids are distributed.
The acquisition of Jarl Elmgren is the second acquisition in NORRES’ history following the recent acquisition of De Bernardi. The transaction further contributes to NORRES’ internationalization strategy and significantly strengthens NORRES' market position in Scandinavia.
NORRES was founded in 1889 and focusses on the development, production and sales of branded industrial hoses used for pneumatic conveying of different media types (i.e. solids, gases or liquids) for a wide variety of end markets (e.g. fume & dust extraction, agriculture, food & pharma, plastics and wood processing). The company is headquartered in Gelsenkirchen (Germany) and employs approx. 300 people across three production facilities (DE, CN, US) and five sales & warehousing sites (CZ, FR, PL, TW, UK).
For further information: www.norres.com
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth.
The 42 companies currently in Triton's portfolio have combined sales of around €17,2 billion and around 81,400 employees.
For further information: www.triton-partners.com