Growth in Norway – Rema Tip Top acquires local distributor
Rema Tip Top reports the acquisition of Norwegian distributor Flexpro AS. The conveyor systems and plant component specialist entered the Rema Tip Top fold on 1 January; the two companies have “agreed to preserve silence” on the acquisition’s financial details.
The acquisition of Flexpro is, says Rema Tip Top, a “consistent step in the growth strategy of both companies.” The Norwegian firm was founded in 2012 and has been an authorised Rema Tip Top dealer and partner since day one. It offers products and services for rubber and conveyor belt applications in the domestic market, particularly for customers within the sand and gravel, cement and asphalt, wood, recycling and harbour sectors.
Flexpro supplies and services its Norwegian customers from sites in Oslo, Ålesund, Trondheim and Bergen, and Rema Tip Top says the operation’s service network will continue to grow through investments in further support bases and expansion of the service team. “Our current share of the Norwegian market for rubber and conveyor belt products and services is a result of continuous growth since our foundation,” comments Flexpro chief executive officer Øyving Gustavsen. “Being part of Rema Tip Top will allow us to considerably improve that position.”
“Our conveyor technology offers the highest degree of reliability for any imaginable environment,” adds Rema Tip Top board member Patric Scheungraber. “Our products have proven themselves on numerous sites in the raw Scandinavian climate. The acquisition of Flexpro means that we have a suitable partner and the right team at the right locations to even better support our customers in this market.
“When acquiring the company, it was important to us to retain both Mr Gustavsen as CEO and his management team,” Scheungraber continues. “The close cooperation of the partners in the past is the ideal prerequisite for further growth.”