Fortaco has acquired the paintshop operation in Janow Lubelski, Poland, from Alucrom.
Both the plant and related machinery are included in the acquisition, with employees transferred to Fortaco.
The 2,000 m2 paintshop was built in 2014 and is located next to Fortaco’s existing factory in Janow Lubelski.
The transaction was signed on 20 December, 2021 and transfer of ownership is planned to take place on 31 March, 2022.
“I would like to thank the Alucrom team for the close collaboration since 2014 and the constructive process of selling the paintshop business,” said Fortaco Group president & CEO, Lars Hellberg.
“This transaction is of great value to Fortaco Group, and a complement to the existing Fortaco operations in Janow Lubelski. We will also continue to provide service to external customers which Alucrom has successfully worked with during the years.”
For his part, Alucrom MD, Magnus Sonnorp, added: “This transaction came about at the initiative of Fortaco and made sense to Alucrom in the circumstances.
“We remain committed to the Polish market, where we serve customers from our four remaining paint stations in Poland, as well as in Sweden and Finland.”
Fortaco is partner to the heavy off-highway equipment and marine industries, offering technology, vehicle cabins, steel fabrications and assemblies.
Fortaco Group has operations in multiple European and Asian sites, as well as technology hubs.