Nord-Lock Group acquired Precision Bolting Ltd. (PBL) and Condor Machinery.

PBL is a Nord-Lock Group distributor and Condor is a niche manufacturer of specialized metal components — a combination which adds great value for the customers served. Nord-Lock says the two companies will strengthen its position in Canada and contribute to the group’s global offer within the mining segment in particular.

Founded in Western Canada in the late 1980s, PBL offers premium bolting products and custom solutions for challenging applications. Its production facility is located in Edmonton, Alberta, and offers technical expertise, stocked inventory, and custom fasteners from specialty materials. Web: precisionbolting.com

Condor is also located in Edmonton and offers machine shop and repair and maintenance services. Web: condormachinery.com

“We have been able to get to know the companies well over the years and are impressed with what they have achieved,” said Nord-Lock CEO Fredrik Meuller. “We are convinced that the companies’ strengths will contribute greatly to the overall Nord-Lock Group offering and that Nord-Lock Group in turn will continue to support the companies’ continued growth going forward.”

“We have worked closely with Nord-Lock Group for many years and see this as a natural next step for the development of PBL and Condor,” added PBL CEO Ken Gamroth and Condor CEO Brent Morgensen. “Together with Nord-Lock Group and its strong market position.”

Founded in 1982, the Nord-Lock Group is based in Malmo, Sweden, and has subsidiaries in the UK, the U.S. in Carnegie, PA; and Asia. Web: Nord-Lock.com

Nord-Lock is owned by Investment AB Latour Investment AB Latour, a company listed on the Stockholm Stock Exchange. Web: Latour.se/sv