Altor buys and merges two tyre distributors

The GP drew capital from Altor Equity Fund IV, a €2bn vehicle that was already 70% invested by May last year. Altor has since raised its successor, hitting its €2.5bn hard-cap in February this year.

The companies generated a combined turnover of SEK 700m in 2018 and Altor said it aims to create the leading tyre distributor in the Nordic region.

Company
Gummigrossen was founded in 2001 and is headquartered in Arnäsvall, Sweden. RengasDuo was founded in 2015 and is headquartered in Virolahti, Finland. Both companies distribute tyres from a range of manufacturers.

People
Altor Equity Partners – Pål Stampe (partner).

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