Scana Industrier ASA has sold its division Scana Steel Söderfors AB to Garden Growth Industries AB. Financial details have not been disclosed.
Scana Steel Söderfors AB is a manufacturer of high quality steel products specializing in high-alloy and high-purity steels for demanding applications. The company's main products are forged or rolled bars, sections, profiles and open die forged components with a high technical content.
Garden Growth Capital is a private investment firm that acquires ownership positions in public and private companies with significant growth or turn-around potential. Garden Growth Capital engages in its investment as a highly active owner with a long-term perspective on value creation.
The Scana group is organized into five business areas: energy, propulsion, offshore, property and other activities. Most of Scana’s companies serve one or more of three market segments: marine, energy, and steel and machinery.
Oaklins's teams in Norway and Sweden advised the seller in this transaction.
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