Tornum has acquired all shares in Silos Metálicos Zaragoza S.L.U. (SIMEZA), a manufacturing company with a focus on storage in the grain industry on November 22nd, 2023. The acquisition is an additional acquisition for the Tornum Group platform, which is part of the Industrial business area. SIMEZA had a turnover of 13.4 M€ (approximately 142 million SEK) in the latest fiscal year with good profitability.
SIMEZA is a Spanish manufacturing company founded in 1975, with approximately 50 employees. The company is a strong player in the production of storage silos for grain, the feed industry, and liquid storage in Europe and the global market. SIMEZA has built a successful sales network and strong industry relationships over a long period, making them a leading player in the market. As part of the Tornum Group, SIMEZA gains access to a larger sales network, and Tornum gains access to a broader product range that can strengthen future business where customers seek a system and comprehensive supplier.
– We are very pleased to welcome SIMEZA to the Tornum Group. SIMEZA is a well-managed company with a leading market position that opens up new opportunities. The acquisition fits well into Tornum Group’s strategy for continued international growth and will contribute to an even stronger position as a system and comprehensive supplier in the European and international agricultural markets. The acquisition of SIMEZA is a result of our continuous work to identify potential acquisition candidates that can strengthen operations, both in Sweden and internationally,” says Nicklas Margård, CEO of Tornum Group.
