The private shareholders of Långshyttan-Gruppen (LSAB) have sold the company to Investment AB Latour for an undisclosed consideration.
LSAB is engaged in sales and services of cutting tools for the wood and steel industries. Headquartered in Sweden, it has operations in Sweden, Finland and the Baltic countries.
Investment AB Latour is a mixed investment company consisting of an investment portfolio with a market value of about US$1.5 billion and wholly owned industrial and trading operations, with total net sales of about US$1 billion.
Oaklins' team in Sweden advised the seller in this transaction.
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