Nederman acquires Swedish waste handling company, Arboga-Darenth

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Nederman has acquired Arboga-Darenth, a company based in Arboga, Sweden.  Arboga-Darenth manufactures and markets products and systems that economically and in an eco-friendly way handle, transport and recycle metal waste and cutting fluids in the industry.  Customers are mainly active in the metal-processing industry, a customer segment handled by Nederman’s Extraction & Filter Systems business area.

Arboga-Darenth reported sales of SEK 75 million in 2007.  The current owner, Håkan Bråtegren, will remain in the business after the sale.

Sven Kristensson, CEO Nederman Holding AB (publ): ”This acquisition is in line with Nederman’s strategy of growth within existing customer segments. It enables us to offer existing customers a wider range within the working environment sector.

'The metal processing industry is a core segment for Nederman. Arboga-Darenth gives Nederman a number of well-established products and systems that complement our existing range in an excellent way.”

Arboga-Darenth has its head office in Arboga and around 45 employees. The company has production units in Sweden and the UK.

Sales are made via the company’s own sales offices in Sweden, France and the UK, and via distributors on a further 30 markets.

The acquisition will have a marginally positive effect on Nederman’s earnings in 2008.

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