Nolato AB has sold Nolato Hertila to Essentra International Limited, a subsidiary of Essentra Plc for US$4.9 million.
Nolato Hertila offers standard and customized temporary protection solutions for painting, transportation and mounting. A leader within caps and closures in the Nordics, the product range further includes cable clips, fastening plugs, container lids, handles and other polymer products.
Essentra is a leading global provider of essential components and solutions with four global divisions: components, packaging, filters and specialist components. Its international network extends to 33 countries and includes 49 principal manufacturing facilities, 66 sales and distribution operations and four research and development centers. Essentra Components is a global market leading manufacturer and distributor of plastic injection moulded, vinyl dip moulded and metal items. Operating in 27 countries worldwide, 11 manufacturing facilities and 24 logistics centers, it serve more than 90,000 customers with a rapid supply of low cost but essential products for a variety of applications in industries such as equipment manufacturing, automotive, fabrication, electronics and construction.
Nolato is a Swedish group with 7,200 employees in Europe, Asia and North America. The group develops and manufactures products in polymer materials such as plastic, silicone and TPE for leading customers within the medical technology, pharmaceuticals, consumer electronics, telecom, automotive and other selected industrial sectors. Nolato’s shares are listed on Nasdaq Stockholm in the Mid Cap segment.
Oaklins' team in Sweden advised the seller in this transaction. In 2016, the team advised Nolato on their acquisition of Treff AG.
Per-Ola Holmström, CFO of Nolato Group, said: "We are extremely happy with the professionalism, dedication and quality that characterized the execution of this process on our behalf. That's why we have chosen Oaklins' team in Sweden in the past and will continue to do so in the future."
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