Industri Kapital completes the acquisition of Alfa Laval
The Industri Kapital 2000 Fund has today completed the largest ever Scandinavian leveraged buy-out transaction, through the acquisition of Alfa Laval from Tetra Laval. Tetra Laval participates with a continuing minority interest in the business.
Industri Kapital aims to further develop Alfa Laval into one of the leading global process technology companies. This will be achieved through focusing on superior products, systems and services as well as emphasizing the development of innovative solutions and first class after sales service. The intention is to list the company within a five-year period.
Subsequent to this divestment Tetra Laval will consist of three independent industrial groups – Tetra Pak, DeLaval and Tetra Pak Hoyer. The three companies are market leaders in their respective areas of operations. The companies’ activities are primarily focused on systems for production and distribution of food. Tetra Laval has close to 25 000 employees in more than 100 countries. 1999 sales were over 8 billion Euro.
For further information please contact:
Harald Mix, Deputy Chief Executive, Industri Kapital, +46 8 678 95 00
Sigge Haraldsson, Chief Executive, Alfa Laval, +46 46 36 7000
Peter Torstensson, Vice President Communications, Alfa Laval, +46 46 36 7000
Jörgen Haglind, Vice President Communications, Tetra Laval, +46 46 36 46 10