Bufab brings in new CFO
Marcus Andersson has been appointed Chief Financial Officer for Bufab Group, with effect from 1 November 2017. Andersson has worked with Bufab since 2014, when he joined as a Financial Manager in Bufab’s largest subsidiary. He then moved to financial control of Bufab’s Sweden segment. Andersson is an Authorised Public Accountant and has a degree […]
BUFAB grows global market share despite weaker margins
Net sales rose in Q2 and across the first half of 2017 for BUFAB. In Q2, the same period that saw the acquisition of Southampton’s Thunderbolts, BUFAB saw organic growth at 3%, with net sales up 8% to SEK 823m. Order intake grew 13%. However operating profit declined 13% to SEK 77m with operating margin […]
BUFAB’s back on the acquisition trail with Thunderbolts purchase
Bufab, through its subsidiary Montrose Holdings Ltd, has signed an agreement to acquire 100% percent of the shares in the privately-owned company Thunderbolts Group Limited, in Southampton, UK. The acquisition will be completed with immediate effect, and will be reported in Bufab’s segment International. The move comes within six months of Bufab’s acquisition of fellow […]
BUFAB USA opens new office and warehouse in Atlanta
Suwanee, Atlanta is the site of a strategic new office and warehouse for Bufab USA. The new facilities will complement Bufab’s USA HQ in New York and have been launched following growth in North America. Bufab said: “Atlanta is an important Hub for the industry in the southeastern part of the US and we can […]
2016 was Bufab’s best year yet
Bufab has seen healthy growth and improved operating margin, according to its year-end report 2016, making it Bufab’s best year to date. The 12 month period, which also saw the group acquire UK-based Montrose Holdings, saw net sales rise 16% to SEK 2,847 million (2,458), with organic growth at 4%. Order intake exceeded net sales […]
BUFAB is recruiting for a new CFO
Thomas Ekström, Bufab’s Chief Financial Officer, has decided to leave Bufab to pursue an opportunity outside the Group. Ekström remains in the role until July 31, 2017. “During many years, Thomas Ekström has been a strong contributor to the development of the Bufab Group to a leading European player in our industry,” said Jörgen Rosengren, Bufab’s […]
Bufab buys fastener supplier Montrose Holdings
High Wycombe and Bedford-based Montrose Holdings has been acquired by Bufab. Montrose is a privately owned company supplying fasteners, other C-class components and associated services to industrial customers mainly located in the UK. Montrose was founded in 1991 and has since enjoyed stable and profitable growth. Now with 45 employees, Montrose provides fasteners and special components […]