Lundhs acquires 100 percent ownership of Norwegian quarrying operation
January 4, 2011
Larvik, Norway, stone producer Lundhs announced that it has acquired 100 percent ownership of Actieselskapet Granit (AS Granit) in Norway by buying 50 percent from R.E.D. Graniti S.p.A. “This acquisition further strengthens our position as the leading Norwegian quarry operator,” according to a statement from Lundhs. “The acquisition will first and foremost have impact on the operational efficiencies.” Actieselskapet Granit is the sole producer of the renowned Lundhs Blue GT granite (previously known as Blue Pearl GT).