Highlands Ranch Area Cycling Road Cycling Colorado Streech Greg Streech Gregory

Tuesday, October 26, 2004


You car rack will now come from Sweeden.

Bloomberg.com: U.K.: "Candover Investments Plc, a U.K. buyout firm, agreed to buy Thule AB, a Swedish maker of car racks, trailers and snow chains, for 465 million euros ($595 million).
Candover is buying Thule from EQT Partners AB, a Stockholm- based buyout firm backed by the billionaire Wallenberg family. Thule, which has been owned by EQT since 1999, had sales of 2.2 billion kronor ($310 million) in 2003.
``Thule holds global market-leading positions and has considerable opportunities for expansion,'' John Arney, a director at Candover, said in a statement.
Buyout firms typically fund two-thirds of each takeover with loans and then seek to expand their companies before selling them within five years. UBS AG and Royal Bank of Scotland Group Plc are arranging loans for the Thule takeover."


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