Investment AB Latour (publ) has through Latour-Gruppen AB, acquired 13.4 per cent of the shares in Diamorph AB (publ).
Modular Stock Ltd, which owns the British business TENMAT.
Diamorph supplies advanced materials solutions for particularly demanding industrial applications.The company's headquarter is situated in Stockholm and has production in the Czech Republic through its subsidiary Diamorph HOB CerTec. Diamorphs' vision is to become a global leading niche supplier of advanced materials.
TENMAT is a British manufacturer of specialized high-performance materials. The company's headquarter is situated in Manchester with a global presence and sales in over 50 countries. TENMAT has a leading position within several niches and have successfully introduced innovative products that have become industry standard.
Through the acquisition of TENMAT, Diamorph takes important steps towards becoming a global leader in advanced materials, strengthening their positioning for increased market penetration and growth of their products. After the acquisition the Group has 300 employees, consolidated net sales for the past 12 months of around SEK 400 million and an operating profit of approximately SEK 150 million. Latour is through the investment the second largest owner in Diamorph and will take an active role in the company's board.
Gothenburg 16 August, 2012
Investment AB Latour (publ)
Jan Svensson, CEO
For further information please contact:
Jan Svensson, CEO, tel. +46 31 89 17 90