Last week Ahlsell announced their acquisition of CJ Järn & Maskin AB. It has been revealed that the company will acquire all shares of CJ Järn & Maskin AB.
Ahlsell is a market leading Nordic distributor of installation products including tools and supplies. The company works with installers, contractors, facility managers, industry and infrastructure companies as well as the public sector. The unique company offers a great number of different services and solutions for its clients and employs around 5,00 employees. Ahlsell has more than 200 stores and three central warehouses that helps them help their customers.
CJ Järn & Maskin is a family owned business that was first established in 1870. The company offers a wide variety of tools, machinery and personal protective equipment to be used in the professional market. The industrial supplies business works from Vårgårda, and there is a branch of the company in Vara. The company has a strong position in their regional market. The customers for CJ Järn & Maskin come mainly from the industry segment.
The company will be a valuable asset for Ahlsell and will expand the customer database for the distributor. The CJ Järn & Maskin branch that is located in Vårgårda will be redesigned to resemble an Ahlsell branch. This new branch will contain an assortment range and will be complimented with other products such as the HVAC & Plumbing and Electricals. The acquisition will allow the company to cross-sell their products to their industrial customers. The company has been a partner of the Tools reseller chain until October 2016.
Closing is expected in early May and it is thought that the acquisition will have a slightly positive impact on Ahlsell’s result per share for 2017. Hopefully the acquisition will lead to success in the future that we can report on.