Acquisition of Galleberg AS by Aurelius Group subsidiary Conaxess Trade Norway AS concluded successfully
We are happy to announce that the acquisition of Galleberg AS has been concluded successfully end December 2017.
Galleberg AS is one of Norway’s leading distributors of brands to grocery, convenience, horeca and health- and lifestyle shops. Owner of Galleberg is the Styrmoe family.
This add-on acquisition nearly doubles the size of Conaxess Trade Group in Norway to more than 45 million Euro (430 mnok) in revenues per year. The acquisition aims to increase the value for Brand Owners and Customers through close partnerships and collaboration.
Olaf J. Styrmoe, owner and Chairman of Galleberg, will join the Board of Directors of Conaxess Trade Norway AS and bring in his expertise regarding brand owners and customers.
Nils Haase, Vice President of AURELIUS and responsible for the realignment of Conaxess Trade: “We are very pleased about Conaxess Trade’s acquisition of Galleberg. The new partnership provides Conaxess Trade with additional market expertise, and will strengthen its market position to offer even better services to our brand owners and customers”.
Olaf J. Styrmoe, owner and Chairman of Galleberg AS: “Conaxess Trade’s acquisition of Galleberg is of course a turning point. It marks the end of 95 years of successful family business. Likewise, it is the beginning of a promising future that opens up new perspectives to our employees and continued growth for our brand owners.”
Galleberg AS and Conaxess Trade Norway AS will continue to operate as individual legal entities units until an integration process has been formalized and completed. Expected timing of this will be during the first half of 2018. Until this process has been concluded we will continue business as usual with designated responsible contact persons in each company.
ABOUT GALLEBERG AS
Galleberg AS is one of Norway’s leading importers of brands to grocery, convenience, horeca and health- / lifestyle shops. The Galleberg headquarter is located at Skedsmokorset near Oslo. The company has 33 employees and a turnover in 2016 of 180 mnok (17 million Euros). Galleberg AS was established in 1922 by Jørgen Galleberg. Galleberg distributes exclusively FMCG to the Norwegian market, and is currently represented in the categories of Confectionery, Snacks & Biscuits, Food & Beverages, Lifestyle and Home & Personal. Galleberg’s services include transport, import, customs clearance, commodity registration, customer negotiations, category development, marketing, operational sales and merchandising.
Jens A Gjedrem
Managing Director, Conaxess Trade Norway AS
Phone: +47 9340 6350
Managing Director, Galleberg AS
Phone: +47 400 11981