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Inter Primo

From Wikipedia, the free encyclopedia
Inter Primo
Company typeAktieselskab
IndustryPlastic, extrusion, bioplastics, polymers
Founded1959
HeadquartersCopenhagen, Denmark
Key people
Fleming Grunnet (Chairman of the Board)
Claus Tønnesen [da] (President & CEO)[1]
ProductsExtruded plastic profiles
RevenueDKK 1.02 billion (2019)[2]
Number of employees
894 (2019)
Websitewww.primo.com

Inter Primo A/S is a Danish multinational plastic extrusion company headquartered in central Copenhagen, Denmark, with 14 production facilities in eight countries[3] and an additional office in Norway. Inter Primo is controlled by Primo Holding A/S.

Inter Primo manufactures plastic profiles for a range of industries, including medico, offshore, building, transport, and lighting.

Inter Primo employs 894 people in Europe and China and markets its products globally. The corporation is a result of more than 20 mergers and acquisitions since Inter Primo was established in 1959 in Tistrup, Denmark.

The company is owned by Primo Holding A/S, which is owned by three other holding companies, D. Grunnet Holding A/S, F. Grunnet Holding A/S, and M. Grunnet Holding A/S,[4] owned by the chairman of the board Fleming Grunnet and his two daughters Mette and Dorthe.[5]

History

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1959

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Primo is established in Tistrup Denmark by entrepreneur Chresten Jensen. The company's plastic profiles were sold to hardware stores and lumber yards.[6]

1977

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Chresten Jensen sells his share of the company to Fleming Grunnet. Primo takes over the two companies Ureflex and Krone Plast, both located in Denmark.[7]

1984

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Primo takes over Swedish Kontraplast AB – Primo's first investment abroad – and establishes Primo Sweden AB. In the following years, Primo buys the Swedish plastic manufacturer Sondex and the Finnish OY WH Profil AB – a subsidiary to KWH Group – and thus establishes OY Primo Finland AB with Roger Häggblom as managing director.[7]

1986

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Inter Primo is founded.[8] Primo UK is established the next year in Manchester, England.

1990

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Primo buys two German profile manufacturers and establishes Primo Profile GmbH in Germany.[7]

1995

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OY Primo Finland acquires a competing company and becomes Finland's dominating profile manufacturers in the coming years. The same year Primo UK shuts down all activities due to a lack of success on the British market.[7]

1996

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Primo Sweden buys Smålandslisten AB, which produces silicone mouldings. Primo builds a new factory in Zory, Poland – Primo's first factory built from scratch. The Polish subsidiary Primo Profile Sp. Z o.o. is established and takes over the profile production from Spyra-Primo.[7]

1997

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Primo takes over Vefi Profiler AS in Norway.[9]

2000

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Inter Primo establish headquarters in Vestergade in Copenhagen, Denmark. Primo Danmark acquires the plastic division for windows from Rationel Vinduer A/S.

2004

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Primo Profile GmbH opens a new factory in Berlin, Germany, and establishes a joint venture with German Profilex and buys a 25 pct. share of Profilex China in Zhuhai, Kina. The year before Primo acquired the Danish extrusion company OTV Plast A/S.[10]

2005

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Primo Finland initiates production in St. Petersburg, Russia. Swedish production is gathered in a new factory in Limmared in Västra Götaland.[7]

2019

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Primo buys Essentra Extrusion in Buitenpost, the Netherlands for 16.2 million euros[11][12] and establishes itself in the Netherlands under the name of Enitor Primo.[13] The company celebrates its 60 years anniversary.[14]

References

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  1. ^ "Inter Primo A/S – Detailed information – Largestcompanies". www.largestcompanies.com.
  2. ^ "Annual Report 2019". Plast Forum. Retrieved 2020-09-03.
  3. ^ "Inter Primo: Profilhersteller erwirbt das Extrusionsgeschäft von Essentra". KunststoffWeb.
  4. ^ "Primo Holding A/S – Tistrup – 'Regnskaber, roller og erhvervsnyheder". lasso.dk.
  5. ^ Thomasen, Ejlif (October 4, 2019). "95. Familien Grunnet, Primo Plast og Genua, 1,4 milliarder kroner". Berlingske.dk.
  6. ^ 60 Years of Growth and Extrusion (First ed.). CorpMedia ApS. 9 September 2020.
  7. ^ a b c d e f "60 years of growth and extrusion". www.goodreads.com.
  8. ^ "Inter Primo AS – Company Profile and News – Bloomberg Markets". Bloomberg.com. Retrieved 2020-10-29.
  9. ^ "Om VEFI – www.vefi.no". www.vefi.no. Archived from the original on 2021-12-01. Retrieved 2020-09-07.
  10. ^ "History OTV Plast – OTV Plast A/S". www.otvplast.eu.
  11. ^ "Essentra earns £14.4m through Extrusion sale | Business Weekly | Technology News | Business news | Cambridge and the East of England". www.businessweekly.co.uk. Archived from the original on 2019-06-14.
  12. ^ "Hæderkronet plastfirma køber hollandsk konkurrent". 11 June 2019.
  13. ^ "Inter Primo buys Essentra Extrusion". British Plastics and Rubber. June 24, 2019.
  14. ^ Lenz, Miriam (September 30, 2019). "60 Jahre Inter Primo". Archived from the original on November 20, 2020. Retrieved September 7, 2020.
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