Hultafors broadens its offering by acquiring Puvab
Censor has on behalf of Vestitus Holding AB acted as advisor and project leader in connection with the change of ownership when Hultafors Group AB acquired Puvab AB.
Hultafors acquires Puvab
Target
Puvab
Puvab is a Swedish company in the protective wear business established in Borås in 1989. The company specialises in protective wear for the energy and utility business, as well as flame resistant safety wear for other industries. Puvab develops and produces functional and certified high-quality garments with innovative design and functionality for work in demanding conditions. Puvab has 49 employees.
Buyer
Hultafors Group
Hultafors Group is owned by the Swedish investment company Investment AB Latour and offers a portfolio of leading brands such as Dunderdon Workwear Hultafors, Snickers Workwear, Solid Gear shoes, ToeGuard and Wibe Ladders. Hultafors Group is represented in 40 countries and has over 11,000 outlets. Hultafors Group has 685 employees and an annual turnover of about SEK 1.7 billion.