Höganäs AB plans to acquire 100% of Welsh lubricants manufacturer Abril Industrial Waxes Ltd, in June.
‘This is a strategic acquisition as it allows Höganäs to enhance its expertise in lubricants and further develop its offering of sophisticated metal powder mixes,’ says Melker Jernberg, Höganäs’ president and CEO.
Höganäs acquired 19% of Abril in 2010 and is now using its option to acquire the remaining shares in the company. Abril’s business – waxes and lubricants for industrial purposes and consumer goods – will be further developed. Production will remain in Pyle, Wales, and Höganäs plans additional investment in the plant.
