Lyf og heilsa acquires constrction company Trésmiðjan Börkur

11.04.2018

The owners of Börkur hf. have come to an agreement on the sale of a 100% stake in the company to Lyf og heilsa hf. Delivery of the company to its new owners has already taken place. This is Lyf og heilsa’s second acquisition of an established industrial firm. In late 2017 it acquired glass manufacturer Samverk, located in Hella. 

Construction firm Trésmiðjan Börkur was founded in 1986 by Alexander Benediktsson, Ingimar Snorri Karlsson, Hilmar Baldvinsson, and Snorri Bergsson. The company has specialised in the manufacture of high-quality windows and doors in its Akureyri workshop. Today it is one of the largest companies in Iceland in its field, and its customers include many of the largest construction contractors in the country.

Börkur employs a staff of 20 under the leadership of managing director Alexander Benediktsson, who will continue to direct the company. Íslandsbanki acted as advisor to the sellers during the process.

Further information can be obtained from Alexander Benediktsson by telephone at +354 893 5108, or by e-mail at alli@borkur.is.

Older news

Íslandsbanki issues EUR 300m bond and announces partial buyback of its 2020 EUR 500m bond

04.04.2019 - IR Releases
Íslandsbanki has today issued a EUR 300m 1.125% fixed rate senior unsecured bond for 3 years, at a spread of 130 basis points over mid-swaps.More

Annual General Meeting 2019 - agenda, candidates and proposals

19.03.2019
The Annual General Meeting of Íslandsbanki hf. will be held on March 21, 2019 at the Bank's headquarters, Hagasmári 3, 201 Kópavogur at 15:00.More

Publication of 2018 Annual Report and Pillar 3 Report

13.02.2019 - IR Releases
Íslandsbanki has published an Annual Report and Pillar 3 Report for 2018. More

Annual Results 2018

13.02.2019 - IR Releases
The Bank and Íslandssjóðir turned in a good operating performance during the year, with a consolidated profit of ISK 10.6bn, while operational...More

Publication of 2018 year-end results

30.01.2019 - IR Releases
Close of business Wednesday, 13 February 2019More

Íslandsbanki to terminate credit rating contract with Fitch Ratings

30.01.2019 - IR Releases
Íslandsbanki informs that following expiration and by agreement of parties, the credit rating service contract between Fitch Ratings and Íslandsbanki...More

Ásmundur Tryggvason to direct Corporate and Investment Banking

23.01.2019
Ásmundur Tryggvason has been engaged as director of Corporate and Investment Banking at Íslandsbanki. He replaces Vilhelm Már Þorsteinsson, who will...More
Netspjall