Lifco has signed an agreement to acquire Redoma Recycling AB’s operations. Redoma Recycling is a Swedish based company, specialized in designing and manufacturing small and mid-size cable recycling lines.
In 2015, Redoma Recycling’s sales amounted to approximately 25 MSEK. The operations will be consolidated in division Environmental Technology within business area Systems Solutions. The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Redoma Recycling AB started in 1984 and has its headquarters in Malmö, Sweden. The company has eight employees.
For more information about Redoma Recycling visit www.redoma.com.
For more information please contact:
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Phone +46 730 244 872
Lifco acquires and develops market-leading niched operations with the potential to deliver sustainable profit growth and strong cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco has a clear corporate philosophy which implies a long-term perspective, focus on profits and a highly decentralized organization. Lifco has 118 companies in 28 countries. In 2014, the Group’s net sales amounted to SEK 6.8 billion and the EBITA margin was 14.2%. For more information, visit www.lifco.se.