Monday, December 12, 2016

Lifco Acquires US Dental Company Parkell

Parkell logo.jpg
 

Lifco has signed an agreement to acquire the US dental company Parkell. The company manufactures and sells dental consumables and smaller equipment to dentists in the USA as well as internationally.

In 2015, Parkell reported net sales of approximately 29 MUSD. The company will be consolidated in Business Area Dental. The acquisition is expected to be accretive to Lifco’s earnings per share from start.

Parkell is located on Long Island, NY in the USA and employs approximately 100 people.

Please visit www.parkell.com for further information about Parkell.

For more information, please contact:

Per Waldemarson, Head of Business Area Dental

Phone +46 70 840 00 63, E-mail per.waldemarson@lifco.se

Åse Lindskog, Media and investor relations manager
Phone +46 730 244 872, 
E-mail ir@lifco.se

About Lifco

Lifco acquires and develops market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. Lifco is guided by a clear philosophy centered on long-term growth, a focus on profitability and a strongly decentralised organisation. The Lifco Group comprises 133 companies in 28 countries. In 2015 the Group reported EBITA of SEK 1,186 million on net sales of around SEK 7.9 billion. The EBITA margin was 15.0 per cent. Read more at www.lifco.se

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