Ahlsell Danmark completed the acquisition of a 75.49% stake in Sanistål for $75m.

Ahlsell Danmark, an installation products, tools and supplies distributor, completed the acquisition of a 75.49% stake in Sanistål, a wholesaler of installation products, steel and metal tools, machines, and technical products, for $75m. "From an overall assessment, we consider the sale to Ahlsell to be the best solution for Sanistål and its stakeholders. As a strong, long-term, industrial owner, Ahlsell may help further strengthen Sanistål, and Sanistål will achieve substantial scale benefits as the Danish leg of the leading distribution and services group in the Nordics. Obviously, the four Major Shareholders were not natural, long-term owners of Sanistål, and the Board is pleased that we can execute the necessary change of ownership in a way that will generate value for the Company’s minority shareholders," Anders K. Bønding, Sanistal Chairman.