The management of Ferrometall AS acquires 40 % stake in the company
PROJECTMANAGER
Morten Rye Pedersen
MANDATE
Buy-side
INDUSTRY
Construction
Ferrometall cofounder, Tor Sverre Bjørnæs, with his family owned holding company Leadenhall Metals Holding AS, sold his 40 % ownership stake in Ferrometall AS to the company’s management.
PROJECTMANAGER
Morten Rye Pedersen
MANDATE
Buy-side
INDUSTRY
Construction
The divestment has naturally progressed due to the generational shift that has taken place in the company over the recent year.
Ferrometall AS was founded in 2010 as a result of the merger between Trønderstål AS and Leadenhall Metals AS. Over time the original owners have sold shares in Ferrometall to two of the company’s key personnel, Vegard Holmen and Rune Humlebekk. Through the current transaction, Mr. Holmen and Mr. Humlebekk acquired a 40 % stake in Ferrometall AS from Leadenhall Metals Holding AS which brings their ownership stake in the company to 100 %.
Ferrometall AS is a Norwegian wholesaler of steel and metals. The company is a significant distributor of steel and metal products to the building and construction sector in Norway. The company displays large growth over the last year, both in sales and profitability. With strong relations with long-term and reliable suppliers, effective logistic solutions for freight / transport as well as high levels of service, Ferrometall has established itself as a solid and stable supplier of steel and metals to large and medium sized companies in the building and construction sector.
Stratema assisted the seller, Leadenhall Metals Holding AS, in the transaction.
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