Coatings Industry News

Main News Page


Husqvarna Buys Blastrac Global

Monday, January 25, 2021

Comment | More

Recently, Bard Capital Holdings, the owner of Blastrac—a leading global company in surface preparation—has agreed to sell its business to Swedish public company Husqvarna Group.

The announcement arrived after over a year of discussions and efforts Husqvarna’s Construction Division made to get to know Blastrac. The acquisition is reported to be a significant opportunity and will add to Husqvarna Construction’s surface preparation technology and product offerings.

“Blastrac and Husqvarna have been robust but respected competitors for many years.  We are excited to marry our business to a strong and long-term industry player,” said CEO Brian MacKenzie of Blastrac. “In these uncertain times, size and financial strength will be important to our employees and customers alike.”

Farknot_Architect / Getty Images

Recently, Bard Capital Holdings, the owner of Blastrac—a leading global company in surface preparation—has agreed to sell its business to Swedish public company Husqvarna Group.

Currently, Husqvarna has revenues close to $5 billion, while its Construction Division has revenues around $700 million. However, the company is buying Blastrac for its products, technology, customer relationships, manufacturing capability and employee base. Shot blasting, scrapers, and scarifying are reportedly new technologies to Husqvarna, although the acquisitions of Blastrac and Diamatic brands will complement and enhance the existing Husqvarna diamond grinding and polishing product lines.

Although the transaction was slated to conclude prior to the end of 2020, business was scheduled to proceed as usual. Over time, Husqvarna noted that there would be changes resulting from the combination, including new opportunities for employees of both companies.

“I am delighted to start working with Blastrac management and employees to build and expand our offering in the market for surface preparation. And I look forward to welcoming the Blastrac employees and customers to our company,” said Karin Falk, President of the Husqvarna Construction Division.

The Cyclone and U.S.-based Global Contracting Services (Skidabrader, Cyclone Services and Diamatic Management Services) activities are not part of the sale and will remain under the ownership of Bard Capital. Financial details of the acquisition were not disclosed.

   

Tagged categories: Acquisitions; Asia Pacific; Blastrac; Business management; Business matters; Business operations; EMEA (Europe, Middle East and Africa); Latin America; Mergers; North America; Program/Project Management; Surface preparation; Surface preparation equipment; Z-Continents

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
Abrasives Inc.

 
PaintSquare

 
KTA-Tator, Inc. - Corporate Office

 
Axxiom Manufacturing

 
HoldTight Solutions Inc.

 
Sauereisen, Inc.

 
CRW

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us