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Nederman acquires Industriventilation A/S in Denmark and optimizes manufacturing structure

Industriventilation A/S manufactures ducting systems for industrial
applications, such as pneumatic transport of flue gases and particles. This
acquisition strengthens Nederman’s existing ducting system business, marketed
globally under the NORDFAB name. Ducting systems are key components in
Nederman’s solutions for industrial air filtration.
Industriventilation A/S was founded in 1996, has 15 employees and reported sales
of DKK 12 million in 2012. The company’s 2,500 square metre production site in
Havndal, on the Jylland peninsula of Denmark, is not included in the
acquisition.
 
Manufacturing, including staff and equipment, will be relocated to Nederman’s
site in Assens, also in Jylland, and be integrated with NORDFAB’s existing
manufacturing of ducting systems. This enables Nederman to optimize its site in
Assens while establishing a strong base for manufacturing and sales of NORDFAB
in Europe.
 
Optimization of manufacturing structure in Europe
As announced on 23 January 2013, Nederman began negotiating with the trade
unions regarding the decommissioning of manufacturing at Nederman Manufacturing
A/S in Assens, Mariager, Denmark. An agreement has now been reached to relocate
all manufacturing, except for NORDFAB ducting systems, to Nederman’s plants in
Poland and Germany.
 
This change means there is overmanning amounting to 32 employees, both white
collar and blue collar staff. Non-recurring costs will amount to SEK 14 million,
taken during the first quarter 2013. Annual savings will amount to SEK 16
million, starting from 2014. The change will also create extra production space
in Assens that will enable increased manufacturing of ducting systems. The
restructuring and the integration of the acquired business will start
immediately and are expected to be completed by the end of the current year.
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