Bufab buys Swedish C-parts producer and distributor Rudhäll Industri
Bufab has acquired Swedish company Rudhäll Industri AB including its three wholly owned subsidiaries. Rudhäll was founded in 1952 and has annual sales of approximately SEK 210 million. The Rudhäll Group is a producer and distributor of components and other C-parts to the Swedish and European markets, specialised in advanced machined components. It consists of three […]
Bufab Hungary appoints András Szücs as new MD
András Szücs has been welcomed to the Bufab Group as MD for Bufab Hungary. András is highly experienced in the market, having worked for Hilti Hungary for the past 15 years, most recently as the Marketing & Engineering Director. András also has extensive experience within new Business Development, Sales and Customer Relationship Management. He said: “My first […]
Bufab sales and profit up in first half of 2018
Net sales rose 19% to SEK 980 million (823) in Q2 2018 for Bufab, with organic growth at 9%. Order intake grew 18% while operating profit (EBITA) rose to SEK 98 million (78) and the operating margin to 10.0 percent (9.5) Thanks to a similarly strong Q1, Bufab’s half year numbers were also robust, with […]
BUFAB overcomes raw material price increases with net sales and profit growth
Order, net sales and profits all grew for Bufab in 2017 across the full year and in Q4. Q4 Q4 2017 saw net sales rise up to SEK 828 million (18%) – 14% of which was organic. Kian Soon Mechanical Components was acquired in the same quarter. Order intake grew 16%, outstripping net sales, while operating […]
Bufab finds new Global Sourcing Director
Carina Lööf has been recruited as Global Sourcing Director at Bufab. The new appointment has been made as part of Bufab’s leadership plans, to reach its new growth target and as part of its ambition to develop “the industry’s strongest supplier base by 2020”. Lööf trained as a chemical engineer at Växjö University in Sweden. […]
Bufab buys Singapore’s Kian Soon Mechanical Components
Bufab has signed an agreement to acquire all outstanding shares in Kian Soon Mechanical Components Pte Ltd in Singapore, with annual sales of approximately SGD 17 million. Kian Soon was founded in 1977 and is one of the leading distributors of C parts in South-East Asia. Besides the head office in Singapore, the company has […]
Bufab opens Industrias Bufab De Mexico
A new Bufab company has been established in Mexico, Industrias Bufab De Mexico. Referenced in its Q3 financial report, the creation of the new Mexico facility will be used to locally serve existing and new customers. Bufab said it can increase its offer and services to become a preferred supplier within C-Parts in the North of South America. […]
Bufab sees “strong demand” in Q3 & opens Mexico subsidiary
Bufab saw growth in net sales, orders, market share and operating profit in Q3, but operating margin slipped slightly during the quarter. Bufab reported growth of 10% in net sales to SEK 735 million (668), with organic growth at 6%, in Q3 2017. The quarter also saw strong order intake, up 13% and higher than […]
Bufab Denmark names new MD
Robert Svendsen will become new MD for Bufab Denmark with effect from 1 November 2017. Bufab Denmark is located in Copenhagen and is a Supply Chain Partner which supplies C-Parts to the Danish manufacturing industry. 47-year-old Robert Svendsen comes with extensive experience in professional sales and management from the Construction and Mechanical industry. In all […]
Liam Wheeler named new Montrose Group Managing Director
Liam Wheeler has been appointed Managing Director of Montrose Holdings and started his new position on 5 September 2017. Wheeler has plenty of experience of Montrose, having previously been its Financial Director. The former owner and MD, Charles Ainsworth will continue to work for the Bufab Group as Business Development Manager with a focus on business […]