Primo acquires Swedish Talent Plastics Göteborg
Primo has acquired all shares in the Swedish Talent Plastics Göteborg AB from Ahlmarks.
Primo acquires Swedish Talent Plastics Göteborg
As of 30 June, 2022, Primo has acquired all shares in the Swedish Talent Plastics Göteborg AB from Ahlmarks.
Talent Plastics Göteborg AB was established in 1964 and is today an extrusion company with 22 employees, 18 extrusion lines and a sales of 46 m SEK (2021). The company manufacturers custom-made plastic profiles for similar industries as Primo, including cable solutions for the offshore industry.
Since 2010, Talent Plastics has been part of the Ahlmark Group, which ceased its extrusion business with the divestment.
"Throughout the years, we have experienced Talent Plastics Göteborg as a strong player that we have often met in our markets. With the synergies and the integration into the Primo Group, we are strengthening our position in the Nordic countries. This will help us to further pursue our growth targets in these unpredictable times," says CEO at Primo Claus Tønnesen.
With the changeover, Talent Plastics Göteborg AB will change its name to Primo Göteborg AB.
About Primo
Headquartered in Copenhagen, the Danish group has sales and production activities at 11 locations in Europe and China. The group currently has 980 employees and a turnover of 174 million EUR (per 31.12.2023). The company was founded and owned by the Grunnet family and, since its beginning in 1959, has specialised in designing and producing customer-specific profile solutions in plastic.