Lundhs acquires Saga Pearl
We are delighted to announce that Lundhs is to acquire the Norwegian quarrying company Saga Pearl AS based in Tveidalen, Larvik, from the Chinese stone company Best Cheer. Lundhs will assume responsibility for the company from 31 March 2017.
‘We are thrilled to have reached an agreement with Best Cheer for the purchase of Saga Pearl. Lundhs vision is to be the preferred partner for our customers and stakeholders. Through acquiring Saga Pearl, we are reinforcing our position as a producer and distributor of larvikite,’ says Thor-Anders Lundh Håkestad, CEO of Lundhs.
Saga Pearl produces the material Blue Pearl. From now on, this material will be included in Lundhs’ natural stone portfolio under the name of Lundhs Blue.
If you have any questions in relation to the acquisition, please get in touch with us.
Chief Executive Officer: Thor-Anders Lundh Håkestad
Mobile: +47 913 15 991
Business Development Manager: Marius Withbro-Svendsen
Mobil: +47 930 01 551
About Best Cheer
Best Cheer was established in China in 1994. Today, Best Cheer Stone Inc. has grown into an international company with 4500 global employees. BCS supplies a wide range of stone materials to a variety of commercial projects, including façade cladding, tiling and counter tops. BCS has ten factories in China and 25 quarries around the world. More information is available at bestcheerstone.com
Lundhs AS was founded in 1962 by Thor Lundh and is now one of Norway’s leading producers of natural stone – with a primary focus on larvikite. Lundhs operates eight quarries in Vestfold, employs 134 staff and exports 99 % of saleable deposits. The Lundh and Treschow families jointly own the company, holding a 50 % stake each. The firm’s head office is in Larvik, but the company also has offices in China and is represented by sales agents in Brazil, Vietnam, India and Italy.
About Saga Pearl:
Location: Tveidalen, Larvik.
Size: 0.65 Km2
Materials: Larvikite, Blue Pearl