July 11, 2005
MacGregor to acquire All Set Marine Lashing
The MacGregor Group has reached an agreement to acquire All Set Marine Lashing, which specializes in providing container securing equipment. The acquisition is subject to relevant competition authority approval.
All Set Marine Lashing is based in Sweden and is a private company. Its products include twistlocks, turnbuckles and other loose container securing fittings, bottom foundations, lashing points and other fixed fittings. It had net sales of approximately Euros 14 million in 2004.
"By acquiring All Set Marine Lashing we will further strengthen MacGregor's globally leading position in container ship technology," said Hans Pettersson, president of MacGregor. "All Set Marine Lashing is known in the market as a high quality supplier to the leading container lines to which we can provide additional value by combining our expertise in seaborne container technology".