Vantaa, Finland-based Lamor Corp. has acquired Slickbar Products Corp. from New Haven, Conn.-based Woodbridge Group Inc. for an undisclosed price.
Seymour, Conn.-based Slickbar manufactures and sells high-performance systems for oil-pill containment and recovery and a line of anti-corrosion products. Lamor supplies oil-spill recovery equipment and services in Europe, the U.S. and Asia and will add the products and services to its operations. Slickbar will continue to operate as an independent brand.
Woodbridge president Robert Koenig says, “We are delighted that our multi-channel marketing campaigns in North America and Europe, via our Netherlands-based office, delivered an outstanding strategic buyer for our client. Completing this crossborder transaction was a direct result of our persistence and global reach.”
Koenig adds that Slickbar gives Lamor an entrance into the China and Middle East markets.
Lamor chief executive Rasmus Guldbrand says, “The acquisition allows us to widen and expand our technology base and serve our growing customer network even better. Slickbar has successfully grown by providing outstanding service to their customers, which is perfectly aligned with our focus at Lamor.” SJP
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