CFI advised AS Sigurd Hesselberg on the sale of Hesselberg Bygg AS to Sto SE & Co. KGaA (‘Sto’)

Düsseldorf – CFI is pleased to announce it advised Norway-based AS Sigurd Hesselberg on the sale of its subsidiary Hesselberg Bygg AS to Sto SE & Co. KGaA (‘Sto’).

Hesselberg Bygg AS (‘Hesselberg Bygg’) produces floor coatings in the areas of shops, public areas, offices, hotels and restaurants, schools and hospitals, and shopping malls. It offers design and landscape services. The company serves industries, such as manufacturing, food, parking decks, workshops, and warehouses and terminals. It distributes its products to customers in Norway, as well as exports to international customers. The company was founded in 1935 and is based in Moss, Norway with subsidiaries in Sweden and Lithuania.

AS Sigurd Hesselberg operates as a distributor of construction machinery in Norway. The company distributes excavators, rollers, snow plows, and airport equipment. It also distributes forklifts and warehouse trucks; manufactures and supplies floor coatings for industry, design, indoor environments, and landscaping; produces and supplies roofing and membrane solutions for various construction projects; and manages real estate properties. AS Sigurd Hesselberg was founded in 1897 and is based in Oslo, Norway with additional offices in Moss and Bergen.

Sto [ISIN DE0007274136, Ticker Symbol: STO3] is a major international manufacturer of products and systems for building coatings. The company is a leader in the business field of external wall insulation systems. Sto’s core product range also includes high-quality facade elements, as well as renders, plasters and paints for building exteriors and interiors alike. There is also a focus on concrete repair, floor coatings, acoustics, and rainscreen cladding systems.

The transaction was effectuated as per 1 July 2016.

Related

• http://www.bygg.no/article/1281282
• https://www.sto.de/media/documents/investor_relations/meldungen_2016/PI_2016_07_01_Uebernahme_Hesselberg.pdf