Clearwater International advises Alfort & Cronholm on the acquisition of a minority stake from the Pomona Group

Clearwater International has advised DIY wholesaler Alfort & Cronholm on the acquisition of a minority stake from investment company Pomona Group (Pomona).

Alfort & Cronholm was founded in 1906 and pioneered the do-it-yourself (DIY) market. After a several years as a partner of Pomona, the Alfort family has bought back the shares outstanding and thereby now owns 100% of the business.

Alfort began as a retailer and wholesaler of paint and paint shop products. Over the years, the company has developed into a national wholesaler for paint brushes, materials and other related products. Alcro paint is now Alcro-Beckers and is owned by Tikkurila Paints. The other part of the business, the wholesale side, is owned by the Alfort family and remains Alfort & Cronholm. The company has a turnover of €44m (SEK 450m) and employs around 70 employees.

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    acquired a minority stake from
    Image of Pomona-gruppen Company Logo
    Buy-side
    Undisclosed
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    Clearwater Advisers

    Advisor to Alfort & Cronholm on the acquisition of minority stake from Promona Group

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