Hannover Finanz-backed Biesterfeld buys Lindberg & Lund
Hannover Finanz portfolio company Biesterfeld has expanded into Norway with the purchase of chemicals distribution company Lindberg & Lund.
Hannover Finanz first invested in Biesterfeld in 2011 in the form of a silent partnership. It then purchased a 28.6% stake in the business in 2014.
Company
Lindberg & Lund was founded in 1984 and is headquartered in Oslo. It manufactures chemicals for industrial use, including lubricants, construction adhesives, solvents, composite materials and castings. It has additional operations in Sweden and Finland, and employs 50 people.
People
Biesterfeld – Peter Wilkes (managing director); Thomas Arnold (CEO).
Lindberg & Lund – Steinar Lindberg (majority shareholder).
Advisers
Company – EY Law (legal); EY (financial due diligence).
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