News. 16/10/12

Procuritas Capital Investors IV LP invests in Osby Glas AB

Press release, Guernsey/Stockholm

PCI IV, together with the management team, acquires Osby Glas AB, a leading provider of flat glass products to primarily glaziers and window and door manufacturers.

“We are very excited about this opportunity. Osby Glas is a leading manufacturer and supplier of flat glass products with a long history and excellent customer satisfaction. We believe there is room to grow Osby Glas both in Sweden and abroad. Management has during the last couple of years successfully built a customer focused and efficient business and now the time has come to leverage the platform and grow further.” said Björn Lindberg, Partner at Procuritas AB.

“Together with our new majority owner and partner, we have the foundation needed to take the company to the next level.” said Kent Granath, CEO of Osby Glas.

“The flat glass business is a mature and rather stable industry, however we believe there is significant potential for growth. Osby Glas is a profitable and well-run company with a very good management team and is the obvious platform for growth. We are looking forward to working together with management in the future.” said Mattias Feiff, Partner at Procuritas AB.

The acquisition took place through a newly established Swedish holding company

About Osby Glas

Osby Glas has since its inception in 1934 grown to become one of the leading independent Swedish glass companies. The company offers a wide range of single-layer and multi-layer glass products. The company focuses on order driven production of smaller series and tailored solutions.

Osby Glas is headquartered in Osby in the south of Sweden and mainly delivers its products to glaziers, window and door manufacturers as well as other construction related businesses.

In addition, Osby Glas owns a minority stake in UAB Stronglasas in Lithuania, which complements the activities in Osby with a range of important production capabilities such as roller coating, screen printing and tempered / laminated glass.

For further information, please contact:

Mattias Feiff, Partner Procuritas AB, tel. +46 706 208 436
Björn Lindberg, Partner Procuritas AB, tel. +46 704 229 714

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