Altor to acquire Gummigrossen i Örnsköldsvik and RengasDuo.

Altor Fund IV, Altor's investment fund, has agreed to acquire a majority stake in Gummigrossen i Örnsköldsvik and RengasDuo, tyre distributors. Financial terms were not disclosed. “We are enthusiastic about the partnership with Altor and believe that an active and experienced owner will further support our aspiration to be the partner of choice for our suppliers and customers. Altor’s industrial approach and their experience with building world-class companies will contribute to our continued strong growth”Mats-Ove Eriksson, Gummigrossen founder and CEO.