Jarl Elmgren is a Swedish hose distributor with a wide range of hoses and accessories, specifically exhaust hoses, vacuum hoses, dental tubing, hoses for ventilation as well as for transportation of liquids are distributed.
This transaction is the second acquisition in NORRES’ history following the recent acquisition of De Bernardi. The acquisition of Jarl Elmgren, strengthens NORRES’ globalization strategy and its market position in Scandinavia.
Terms and conditions of the transaction are not disclosed. NORRES Group is a portfolio company of the Triton Smaller Mid-Cap Fund (“TSM”).
NORRES focuses on the development, production and sales of branded industrial hoses used for pneumatic conveying of different media types (i.e. solids, gases or liquids) for a wide variety of end markets (e.g. fume & dust extraction, agriculture, food & pharma, plastics and wood processing). NORRES was founded in 1889 and is headquartered in Gelsenkirchen, Germany. The company employs approximately 300 people across three production facilities in Germany, China and the U.S.A. and five sales & warehousing sites in Czech Republic, France, Poland, Taiwan and the United Kingdom.
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