“Our family started making brushes at the end of the 19th century and I have lived with SIB since I was born”, says Caroline Droeser. Consequently, when SIB was looking for new owners, it was very important that the company ended up with the right owners. The choice fell on Lagercrantz Group, a listed company with the capability to support SIB in its future development.
SIB develops, manufactures and distributes specially-designed steel and plastic brushes for snow clearance of airports and railways, and for industrial application in the manufacturing industry. With its cassette brush system, SIB has become the market leader in the Nordics and holds a strong position in the US. A large proportion of the company’s sales stems from exports.
“Valentum has carried out a satisfactory sales process for SIB and has found a very suitable buyer, and has also actively helped us finding a good solution for both the family and the company”, says Caroline Droeser.
Lagercrantz is a technology group selling value-adding technology, either its own products or from distributing other leading suppliers. There are around 40 companies in the group, each one aimed at a specific market niche. The companies all have a high degree of customer adaptability, support and service. Lagercrantz is active in seven North European countries and China. The group has around 1,100 staff and a turnover of more than SEK 2.5 billion. The company is listed on Nasdaq Stockholm since 2001.