Lindab International

Lindab Group's Hungarian operations for profile products - such as roofs, walls and rainwater systems - has an annual turnover of approximately SEK 100 million. It includes production, warehousing and a sales organisation. The Hungarian part of business area Ventilation Systems is not included in the divestment.

The divestment is part of the previously announced restructuring within business area Profile Systems in Eastern Europe. The transaction contributes positively to Lindab Group's cash-flow.

The business is acquired by a local Hungarian company being a subsidiary to ROVA-SK a.s., owned by Slavomír Janík, Marián Kapusta Sr. and Marián Kapusta Jr. They have previously acquired Lindab Group's subsidiary in Slovakia, which was announced in February this year. The Hungarian company will act as a distributor for many of Lindab's profile products.