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PORTFOLIO COMPANY NEWS
CEVA acquires the leader on the Turkish veterinary market
Management changes
CEVA SANTE ANIMALE (CEVA)
has acquired DOGU ILAÇ
VETERINER ÜNRÜNLERI (DIF),
the leader on the veterinary
market in Turkey.
With turnover of over €15 million,
mainly in the ruminants market
segment, DIF gives CEVA a
strong position on a strategic
market. The merger will allow the
VSM Group acquires Cactus Punch Inc.
VSM Group has acquired
US-based Cactus Punch,
the premier supplier of
machine embroidery designs
to consumers and industry.
The acquisition is strategically
important for VSM in its
endeavours to increase the
development of the embroidery
segment.
VSM Group has marketed high
end embroidery sewing-machines
since 1994. These machines
allow the users to create their
own embroidery pattern on
garments or textiles. The target
group consists of dedicated
Turkish laboratory to extend its
product range and technical
expertise by giving it access to
the CEVA Group’s innovation
and development capacities.
The two companies have been
partners since the creation of
CEVA SANTE ANIMALE, and DIF
is the N°1 distributor of CEVA’s
products in Turkey.
CEVA develops, manufactures
sewers who demand the most
advanced sewing-machines. The
acquisition of Cactus Punch
increases VSM’s possibilities to
fulfil its clients’ demands in terms
of advanced embroidery designs.
VSM Group develops,
produces, markets and sells
home sewing-machines and
accessories. With its global
brands, Husqvarna Viking and
Pfaff, the company is one of the
world's leading players in the
industry. It sells some 500,000
sewing-machines annually,
corresponding to a turnover
of SEK 2.4 billion. VSM Group
is owned by IK1994.
and distributes animal health
products to a variety of clients,
e.g. veterinaries, pharmacists/
wholesalers, industrial breeding
farmers. In addition, CEVA
has a small animal nutrition
business. The company, which
is controlled by IK2000, had an
approximate turnover of €240
million in 2004.
The Board of Consolis has
appointed Mr Arto Metsänen
(48), Executive Vice President
of Consolis Oy Ab from 1 April
2005. In May 2005, after an
introductory period, Mr
Metsänen will take over as
President and CEO of Consolis.
Mr Bengt Jansson, current CEO
of Consolis, will take care of
special duties assigned by the
Board until his retirement in
May 2006.
Mr Arto Metsänen has worked
for Tamrock since 1982. For the
last one and a half years Mr
Metsänen has been President
of Sandvik Tamrock.
The Board of Directors of
Oriflame Cosmetics has
appointed Magnus Brännström
new Managing Director and CEO
of the company, succeeding
Sven Mattsson. Magnus
Brännström, 38, has been
employed by Oriflame Cosmetics
since 1997. Since 2001 he has
served as Regional Director for
CIS and Asia, prior to which he
was Managing Director for
Russia and Regional Director
for CIS.
Perstorp strengthens position within feed additives
and builds new propionic acid plant
Elektrokoppar makes strategic add-on
Perstorp AB has signed an
agreement to acquire Franklin
Holding BV with subsidiaries.
Franklin, which is based in the
Netherlands, is active within
feed additives based on
organic acids. Franklin is a
mid-sized company with
a wide distribution network.
“The acquisition will give Perstorp
a comprehensive product portfolio
and strengthen our position in the
fast growing organic-acid feed
additives segment. The fast
growth is driven by the ban on the
use of non-prescribed antibiotics
in the EU that will be enforced
from January 2006,” says Paul
Österberg, Business Unit Manager
Feed and Food, Perstorp. Take
over is expected to take place
during first quarter of 2005.
The parent company of
Perstorp, Sydsvenska Kemi AB,
has furthermore decided to build
a new propionic acid plant at the
Perstorp Group’s oxo site in
Stenungsund, Sweden. The new
plant is expected to be operational
from the second quarter of 2006.
Sydsvenska Kemi is the parent
company of Perstorp, the leading
company within its niches of the
specialty chemicals market and
materials technology. Perstorp
has annual sales of approximately
SEK 6 billion, and employs
around 2,000 people. Sydsvenska
Kemi is controlled by IK2000.
Elektrokoppar has signed an
agreement to acquire a Polish
subsidiary of NKT Cables.
The business, NKT Cables
Sp.z.o.o, is located in
Czechowice-Dziedzice, Poland.
NKT Cables Sp.z.o.o. is a manufacturer
of enameled winding
and bare copper wire. The
business employs approximately
123 people and had a turnover of
approximately €55 million in 2004.
The acquisition strengthens
Elektrokoppar’s position as one
of the leading winding wire
companies in Europe and also
permits the company to better
support its customers in the
growing markets of Eastern
Europe. The acquired business is
expected to benefit from the
transfer of best practices and an
increased focus on the winding
wire business.
Elektrokoppar is one of the
leading winding wire and wire
rod manufactures in Europe. The
company supplies its products
mainly to the electric industry.
Elektrokoppar employs 450
people and had an approximate
turnover of SEK 3.5 billion (€390
million) in 2004. Elektrokoppar is
controlled by IK1997.
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