“This acquisition and collaboration will strengthen our position as a manufacturer and distributor of Nordic granite,” Lundhs stated in a release. “Lundhs, as well as Palin, are developing positively both in terms of production and profitability. In collaboration we can develop even more effective production methods in the quarries, and strengthen the sales and marketing activities. By working together, we are better equipped to deal with the increasing competition from numerous other natural stone materials, artificial stone and ceramics.
“In practice, this collaboration means that Palin still has the responsibility for the production, and will facilitate sales to customers in Finland, Russia, Baltic countries, Poland and Germany,” the release continued. “Lundhs will take care of the marketing and sales of Palin’s products to all other markets. All customer inquiries from markets outside the mentioned exceptions shall be directed to Lundhs.”
Both Palin and Lundhs are family-owned companies with long traditions. Palin Granit’s materials are mostly brown and red, while Lundhs’ materials are blue in tone. Palin was established in 1921, and the company’s most important products are Baltic Brown, Karelia Red and Carmen Red. Production volume is 48,000 cubic meters per year, and there are 100 employees.
Lundhs is the leading producer of rough granite blocks in Norway. The company was established in 1962. The main office is in Larvik, and the most popular products are Lundhs Emerald and Lundhs Blue. Production volume 50,000 cubic meters per year, and there are 140 employees.