Lindab acquires Danish Muncholm, specialists in products for tinsmiths
Lindab complements its current operations in Denmark with the acquisition of Muncholm A/S, Denmark's leading wholesaler for tinsmiths. Muncholm offers durable roof and facades solutions, as well as machinery. With the acquisition, Lindab will get an important direct channel to tinsmiths in Denmark.
Muncholm processes steel, zinc, copper and aluminium and offers solutions for roofs and facades. The company is a leader in aluminium facades and self-supporting roofs. They also have an extensive range of machines and tools. They are known for their high level of service and for offering support with drawings and construction expertise.
In Denmark, Lindab offers ventilation products and building products. The building products are today sold through retailers and not directly to tinsmiths. With the acquisition of Muncholm, Lindab gains established relationships with tinsmiths and architects in Denmark. Muncholm offers high-quality products that fit well into Lindab's product range.
"We are very pleased to welcome Muncholm to our Danish operations", says Ola Ringdahl, President and CEO of Lindab. “Muncholm is a very well-run company that understands how to build long-term customer relationships. In addition, they have high quality products and complement our product range well. We are also very pleased that Lars Nørskov Pedersen, co-owner and Managing director, as well as Sören Klavsen, co-owner and Sales manager for tinsmiths, will continue in the company.”
“We look forward to being part of Lindab who understands our business and appreciates the quality and level of service we offer. Muncholm will be able to benefit from Lindab's experience from similar operations in Sweden and Norway, which gives us the opportunity to serve our customers even better”, Says Lars Nørskov Pedersen, Managing Director and co-owner of Muncholm.
Muncholm A/S was founded in 1979 and has its operations in Hadsten outside Aarhus in Denmark. Muncholm has annual sales of approximately SEK 250 million and 20 employees. The company's operating margin is in line with Lindab's operating margin.
The acquisition is subject to approval by the Danish anti-trust authorities. The transaction is expected to be completed during the third quarter of 2022.
Read more about Muncholm on their website: https://muncholm.dk/
President and CEO
Phone: +46 (0) 431 850 00
Head of Corporate Communications
Mobile: +46 (0) 701 48 99 65
Lindab in brief
Lindab is a leading ventilation company in Europe. Lindab develops, manufactures, markets and distributes products and systems for energy-efficient ventilation and a healthy indoor climate. In northern Europe, Lindab also offers an extensive range of roof, wall and rainwater systems. The products are characterised by high quality, ease of installation and environmental thinking.
The Group had sales of SEK 9,648 m in 2021 and is established in 20 countries with approximately 4,500 employees. The Nordic region accounted for 55 percent of sales in 2021, Western Europe for 29 percent, Central Europe for 14 percent and Other markets for 2 percent.
The share is listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB.