Short History of the Grimaldi Industry Group
1970 "Grimaldis Mekaniska Verkstad AB" is founded in Köping by Salvatore Grimaldi. The company is a subcontractor of precision-grinded components for the automotive industry.
19811988 During this period, several companies are acquired within the engineering industry, such as: Karlsson Spools, pistons for the hydraulic valves industry, Kohlswa Gety, conveyor belt chains, and A G Johanssons Metallfabrik, valves, couplings, cranes etc in stainless and acid-proof material.
1988 Salvatore Grimaldi restructures the Grimaldi Group and Grimaldi Industri AB becomes the ultimate parent company.
Grimaldi Industri AB acquires Toolex Alpha AB, a company in dire financial straits, from Berema (Atlas Copco). After restructuring, Toolex becomes one of the worlds leading suppliers of machines for the manufacturing of Compact Discs.
1991 The Grimaldi Industri Group, now consisting of some 10 companies, establishes a niche strategy for growth and increased profitability.
Grimaldi Industri AB founds Metpump AB in order to develop a pump
for molten metal.
1994 Grimaldi Industri AB sells 70% of the shares in Toolex
Alpha to variuos investors, including the companys personnel,
NatWest Ventures Investments Ltd, Citicorp Capital Investors Europe
Ltd and CVC Capital Partners Europe Ltd.
Grimaldi Industri AB acquires a majority share in "VenCap
Industrier AB", an investment company, listed on the Stockholm
Stock Exchange. VenCap Industrier buys a majority share in the
listed company Monark Stiga AB, which manufactures bicycles, lawnmowers
and exercise bicycles. VenCap´s other holdings are sold.
1996 Toolex Alpha is listed on the Amsterdam Stock Exchange,
and on Nasdaq in New York. On share registration, the market values
Toolex Alpha at MSEK 4,000. Grimaldi Industri AB reduces ownership
of Toolex Alpha to 10% of the shares.
1997 Monark Stiga acquires the French bicycle group Cycleurope,
which includes well-known brands such as Peugeot and Gitane. Through
official tender Grimaldi Industri AB acquires the remaining shares
in VenCap Industrier AB. The company is de-listed from the Stockholm
Stock Exchange. Monark Stiga buys the Italian bicycle company
Bianchi and the Danish bicycle brand Everton Smith. Kohlswa Gety
1998 A G Johansons Metallfabrik AB is sold to ITT
1999 In December the Grimaldi Industri Group´s tender
offer to buy shares in Monark Stiga is accepted and the company
is listed, and the company is de-listed from the Stockholm Stock
Exchange. The bicycle and exercise bike activities (Cycleurope
AB and Monark Exercise AB) become wholly-owned subsidiaries of
Grimaldi Industri AB. 51% of Stiga AB (lawnmower business) is
sold to UBS Capital.
merges with the Italian Castelgarden SpA, leading manufacturer
of lawnmowers in Europe and the Italian Alpina Professional &
Garden SpA, manufacturer of power saws and brush cutters. A majority
stake in Contento is acquired.
of 3nine (oil mist eliminator for metal working industries) is
Stiga and Castelgarden change their name to Global Garden Products
(GGP). Remaining shares of Contento are acquired.
The remaining shares in Global Garden Products are sold.
2005 Plockmatic International is aquired. Karlsson Spools established subsidiary in Kunshan, China.
2010 Opening of the new concept store Bianchi Café & Cycles in Stockholm.