Announced
Completed
Financials
Sources
Tags
Completed
Building Materials: Other
laboratory fixtures
Majority
Denmark
Acquisition
Friendly
Single Bidder
Cross Border
Private Equity
Private
Synopsis
LI Enterprises Group, a Chicago-based group of manufacturing companies, completed the acquisition of Broen-Lab, a manufacturer of laboratory fixtures and emergency shower systems, from Capidea, a Danish private equity fund. Financial terms were not disclosed. “We welcome BROEN-LAB to the Group. BROENLAB is a company with committed and skilled employees, high quality products and an excellent delivery performance, based on lean production technology and a strong supply chain. Under joint ownership, BROEN-LAB, WaterSaver and Guardian have an even stronger platform to continuously develop solutions that meet the demands of customers and end-users. The companies will work collaboratively to share resources and gain economies of scale, as we expand our global footprint and strive for excellence,” Steven Kersten, LI Enterprises Group President.
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