NEWS
Combining strengths
ASSA ABLOY acquires Securistyle in the United Kingdom
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SSA ABLOY has acquired Securistyle Group Holdings Limited in the UK. Securistyle specialises in window hardware and its product offering includes high performance friction hinges, handles and window locks. “I am very pleased to welcome Securistyle into the ASSA ABLOY Group,” says Johan Molin, president and CEO of ASSA ABLOY. “This acquisition strengthens our position in the UK, as part of our strategy to add complementary products and segments to our offering in the mature markets.” “Securistyle is an exciting addition to ASSA ABLOY UK and to EMEA as a whole,” says Tzachi Wiesenfeld, executive vice-president of ASSA ABLOY and head of the EMEA Division. “Securistyle will give us access to the important market of window hardware and locks which is complementary to our UK multipoint locks business, and will bring us a very experienced team.” Securistyle was established in 1978 and it is based in Cheltenham, UK. The company employs 205 people. 75 per cent of the products are sold in the UK, while the remainder is sold in various export markets. Visit: www.assaabloy.com
Braj Binani Group takes over Europe’s 3B Safic-Alcan acquires Necarbo
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afic-Alcan, an international distributor of chemical specialties, has acquired Necarbo, a Dutch-based chemical distributor belonging to PPG group. With this acquisition, Safic-Alcan has further enhanced its market position in the distribution of coatings & inks and water treatment. Necarbo, based in Beverwijk, Netherlands, employs 59 people. Over the years Necarbo has developed its ‘home made’ Nebolabels range of products (Nebores and Neboplast resins, as well as pigments under the Nebotints and Nebochips labels). In addition, Necarbo has developed partnerships with a large number of leading chemical producers. In 2010, Necarbo achieved sales revenues of €63 million. This acquisition will strengthen Safic-Alcan in the coatings & inks industry and more specifically in Benelux, France, Germany, Middle East and Malaysia. The Nebolabels will enlarge its existing portfolio of private label products on a worldwide scale. Visit: www.safic-alcan.com
inani Industries Limited, the holding company of USD 1.6 billion Braj Binani Group, has announced the acquisition of 3B – The Fibreglass Company (‘3B’), a Europe-based major in fibreglass products and technologies. Binani Industries Limited is one of India’s leading global diversified business houses, with interests in cement, zinc, glass fibre, composites and ready-mix concrete. The Braj Binani Group has acquired a 100 per cent equity interest in 3B from Platinum Equity. Headquartered in Battice, Belgium, 3B is Europe’s leading manufacturer of fibreglass for reinforcement of thermoplastics and thermoset polymer applications, and is a preferred supplier to global leaders in industries including automotive and wind energy. This acquisition is part of Braj Binani Group’s strategy to expand its footprint in the global fibreglass market. It further augments the group’s technological and marketing capabilities in the fibreglass business. Visit: www.binaniindustries.com
Addtech acquires BioNordika Group
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ddtech Life Science, a business area in the Addtech Group, has acquired all shares outstanding in BioNordika Holding AB. BioNordika Holding AB is the parent company of the BioNordika Group, which has subsidiaries in Denmark, Estonia, Fin18 Industry Europe
land, Norway and Sweden. The BioNordika Group markets reagents and instruments for biomedical research, mainly in the pharmaceutical industry and at public institutions. The group has a strong position in the Nordic market and represents leading suppliers in areas such as cell and molecular biology as well as immunology and diagnostics. The BioNordika
Group has 24 employees and sales of around SEK 80 million. The BioNordika Group will very effectively complement Addtech’s operations in the Diagnostic business unit. The business unit focuses on sales of reagents and equipment for healthcare laboratories in the Nordic region. Visit: www.addtech.com
