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© beisea dreamstime.com Electronics Production | October 22, 2012

AQ Group buys Staretor Group

AQ Group AB has signed an agreement to acquire all shares in Staretor Group AB.

A press release by the company said that the previous owners that make up the management will continue to work in the company with part in future profits. Staretor Group's subsidiary Retor Production AB manufactures injection-molded plastic products primarily for the automotive industry with sales of about 40 million SEK and 22 employees. The subsidiary Retor Engineering AB, which specializes in engineering work for industrial customers, have net sales of approximately 15 million SEK and 18 employees. "The purpose of acquisition is to achieve rationalization gains by combining skills and production experience and be able to offer our clients advanced engineering work," said AQ Group CEO Claes Mellgren.
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