German garden equipment manufacturer Gardena AG, which injection molds its own large plastic components, is being bought by power tool producer Husqvarna AB of Stockholm for 730 million euros ($949 million).
Ulm, Germany-based Gardena is owned by private equity firm Industri Kapital, also of Stockholm. Gardena employs nearly 3,000 and operates plants in Germany and the Czech Republic. It recorded 2006 sales of 422 million euros ($549 million).
Gardena designs and molds parts at its plant in Gerstetten, Germany, and at Advanced Plastics sro of Vrbno pod Pradedem, Czech Republic.
The Gerstetten plant operates 94 presses with clamping forces of 15-2,000 metric tons. Advanced Plastics, the result of a merger with a local molding business, runs 88 injection presses of 25-1,500 metric tons. It also molds for the automotive sector.
Husqvarna claims to be the world's largest manufacturer of chainsaws, lawn mowers and gasoline-driven trimmers and leaf blowers and also produces garden tractors. It has consumer product plants in Europe and the United States, and outsources manufacturing of some products to Asia suppliers.
Husqvarna had 2005 annual sales of 29 billion Swedish kronor ($3.88 billion).