Boliden's subsidiary, Boliden Cuivre & Zinc (BCZ) has acquired the assets of Dutch copper tubing manufacturer HME Nederland BV (HME) for 5.4 million euro. The acquisition raises Boliden's production of copper tubing by almost 40% and thereby establishes Boliden as one of three largest manufacturers of sanitary copper tubing in Europe, with a market share of approximately 16%.

"HME is profitable and provides a positive cash flow from the first year of acquisition, as well as generating the growth we need to further develop the sound profitability we have within BCZ today," says Jan Johansson, CEO for Boliden.

HME, with a turnover of approximately 45 million euro, will be completely integrated with BCZ. The deal generates good industrial synergies, including the ability to maintain operations with only two thirds of the earlier workforce. In addition, both operations are located in the same vicinity.

For more information, please contact:
Jan Johansson, CEO and President Boliden AB,
tel: +46 8 610 15 00 or +46 705 55 02 02
Bengt-Olof Johansson, Business Area Manager Fabrication,
tel: +46 70 217 69 89