Kendrion sells Fastening Group to Credelity Capital (Sweden)
Kendrion has sold Kendrion Fastening to Credelity Capital from Sweden. Kendrion, listed at the Euronext Amsterdam, has two divisions: Kendrion Industrial Components and Kendrion Distribution Services. Kendrion Fastening is one of Scandinavia’s leading suppliers for development, manufacturing and distribution of specialised fasteners and associated supply chain services. Kendrion Fastening realised a turnover of Euro 30 million with 125 employees. The divestment is part of Kendrion’s strategy to build strong and leading European market positions in selected niche markets.
PhiDelphi Corporate Finance acted as advisor to Kendrion N.V..