– Add-on acquisitions to existing business units are an important part of Volati’s and Salix Group’s strategy for creating long-term value growth. They reinforce the business units’ market positions and add further value through synergies. In Embo we are acquiring a good, well-managed business with a strong position in painting tools for the Swedish paint retail sector, says Salix Group CEO Martin Hansson.

Embo Import is a nationwide supplier of one of the market’s widest range of painting tools to the Swedish paint retail sector with over 45 years’ experience in the sector. This is Volati’s sixth add-on acquisition of 2022 and Salix Group’s third.

– The acquisition of Embo Import’s assets is a strategic transaction that strengthens our existing offering to the paint retail sector with an important product segment. Together with our existing operations, it makes us a more complete supplier, able to serve our customers even better. We see great potential to build further on the solid platform that has been developed within Embo, says Martin Hansson.

The acquisition has been financed through Volati’s existing credit facilities and access to the shares will take place as soon as practicable possible.