Inter Primo
Inter Primo A/S is a Danish multinational plastic extrusion company headquartered in central Copenhagen, Denmark, with 14 production facilities in eight countries 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, owned by the chairman of the board Fleming Grunnet and his two daughters Mette and Dorthe.
 | |
| Company type | Aktieselskab |
|---|---|
| Industry | Plastic, extrusion, bioplastics, polymers |
| Founded | 1959 |
| Headquarters | Copenhagen, Denmark |
Key people | Fleming Grunnet (Chairman of the Board) Claus Tønnesen (President & CEO)[1] |
| Products | Extruded plastic profiles |
| Revenue | DKK 1.02 billion (2019)[2] |
Number of employees | 894 (2019) |
| Website | www.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
[edit]1959
[edit]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
[edit]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
[edit]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
[edit]Inter Primo is founded.[8] Primo UK is established the next year in Manchester, England.
1990
[edit]Primo buys two German profile manufacturers and establishes Primo Profile GmbH in Germany.[7]
1995
[edit]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
[edit]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
[edit]Primo takes over Vefi Profiler AS in Norway.[9]
2000
[edit]Inter Primo establish headquarters in Vestergade in Copenhagen, Denmark. Primo Danmark acquires the plastic division for windows from Rationel Vinduer A/S.
2004
[edit]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
[edit]Primo Finland initiates production in St. Petersburg, Russia. Swedish production is gathered in a new factory in Limmared in Västra Götaland.[7]
2019
[edit]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
[edit]- ^ "Inter Primo A/S – Detailed information – Largestcompanies". www.largestcompanies.com.
- ^ "Annual Report 2019". Plast Forum. Retrieved 2020-09-03.
- ^ "Inter Primo: Profilhersteller erwirbt das Extrusionsgeschäft von Essentra". KunststoffWeb.
- ^ "Primo Holding A/S – Tistrup – 'Regnskaber, roller og erhvervsnyheder". lasso.dk.
- ^ Thomasen, Ejlif (October 4, 2019). "95. Familien Grunnet, Primo Plast og Genua, 1,4 milliarder kroner". Berlingske.dk.
- ^ 60 Years of Growth and Extrusion (First ed.). CorpMedia ApS. 9 September 2020.
- ^ a b c d e f "60 years of growth and extrusion". www.goodreads.com.
- ^ "Inter Primo AS – Company Profile and News – Bloomberg Markets". Bloomberg.com. Retrieved 2020-10-29.
- ^ "Om VEFI – www.vefi.no". www.vefi.no. Archived from the original on 2021-12-01. Retrieved 2020-09-07.
- ^ "History OTV Plast – OTV Plast A/S". www.otvplast.eu.
- ^ "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.
- ^ "Hæderkronet plastfirma køber hollandsk konkurrent". 11 June 2019.
- ^ "Inter Primo buys Essentra Extrusion". British Plastics and Rubber. June 24, 2019.
- ^ Lenz, Miriam (September 30, 2019). "60 Jahre Inter Primo". Archived from the original on November 20, 2020. Retrieved September 7, 2020.