Sanistål (CPH: SANI B) was another strong climber in Friday trading, finishing with nearly 15% pop. The company finalized the process to divest the non-core operations of Carl F International A / S that was started in 2009 as the company found a taker for the Indian subsidiary for Carl F International Pvt Ltd, which manufactures and sells railing systems in India. The new owner is Q-railing Central Europe GmbH. The transaction has no effect on earnings.
Carl F was acquired from the then Carl F Petersen Holding A/S, now known as CFP Group, which is a holding company owned by the descendants of Carl F. Petersen. The building fittings company started operations in 1881. Its products have included hand railings, bathroom accessories and washroom panels to name a few.
Sanistål set out to try to integrate Carl F to its own core business. Carl F door and window fittings and related activities in Denmark had most synergies to Sanistål offering which includes tools, machinery and technical products, HVAC, water and drainage to name a few. The UK subsidiary was sold to Tommico Ltd. in 2009 and was combined with Groupco.
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