Becotek completes the purcahse of Johnson Metall
BecoTek Holding, a company controlled by Norvestor IV,has completed the purchase of Johnson Metall. The company, like BecoTek, a leading Nordic player within industrial components based on copper alloys.
The main shareholders in the combined entity are the private equity fund Norvestor (70%) and Arvid Bjørnstad (30%), Becotek's previous owner. The seller is Hexagon AB, a listed Swedish company.
Johnson Metall is the leading Nordic manufacturer of finished and semi-finished products in bronze, operating sales and manufacturing units in Sweden and Finland and sales offices in Denmark and Norway.
Norwegian BecoTek is a leading integrated manufacturer and supplier of brass cages to the ball and roller bearing industry worldwide, controlling the value chain from melting to finished products. The company has due to high demand recently established a new manufacturing facility in Romania.
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| Fund | Norvestor IV LP Argentum share 36.03% |
| Portfolio Company | BecoTek |
| Date of Transaction | 2007-02-27 |
| Transaction | Add-on |
| Seller | Hexagon |
| Buyer | Norvestor IV LP |
| Size of Transaction | |
| Ind. Focus | Industrial |
| Geography | Norway |
| Stage | Small/mid-cap buyout |