Segulah’s S:t Eriks Buys Stenia i Ulricehamn

Segulah III portfolio company S:t Eriks has acquired 100 percent of the shares in Stenia i Ulricehamn. Stenia is a supplier of granite and natural stone.

PRESS RELEASE

On January 28, 2013, S:t Eriks AB acquired 100% of the shares in Stenia i Ulricehamn AB (Stenia).
Stenia is a supplier of granite and natural stone. The Company was founded in 2007 and has quickly become one of the leading players in the market. The focus has been on customer service and delivering quality products, which has led to a rapid growth for the Company. Stenia imports natural stone from Portugal and China and extracts and re- fines Swedish granite. The turnover is approximately MSEK 70.
“We are pleased that we have acquired the Company. Stenia complements our existing operations within granite and natural stone, and strengthens our product offering to be- come an even more comprehensive supplier to existing and new customers”, says Mr. Per-Johan Dahlgren, CEO of S:t Eriks AB.
“It is gratifying that we have a new owner. S:t Eriks is the most complete player within concrete products and has extensive experience in the market. We will continue to de- velop Stenia’s activities in S:t Eriks’s spirit with a continued focus on high quality and reliability, combined with customer service”, says Mr. Roger Jonasson who runs Stenia.
S:t Eriks is a leading manufacturer of prefabricated concrete products for paving, roofing and water & sewage systems to professional customers, state authorities and building material merchants. S:t Eriks’s annual revenues following the acquisition amount to MSEK 900 with approximately 400 employees.
For further information contact: Per-Johan Dahlgren, CEO, S:t Eriks AB
Cell +46 70 597 06 44, E-mail: per-johan.dahlgren@steriks.se