Cascade Corporation to acquire Scana Steel Booforge AB

In 1646 the foundation was laid for the industrial era of Karlskoga, when a forging hammer mill was established by the river Booälven near lake Möckeln. This was the start of Karlskoga as one of the most established industrial and technical towns in northern Europe, and the start of what through the years evolved into Scana Steel Booforge AB. Scana Steel Booforge AB is a company manufacturing large and customized lift forks and free form forged products in advanced materials and for demanding applications.

Now we evolve further as Incus Investor ASA, with headquarters in Stavanger and registered on the Oslo Exchange, on 16 May 2019 signed a SPA with Cascade Corporation to sell 100% of the shares in Scana Steel Booforge AB. Closing is planned to 23 May 2019 and we will then change our name to Booforge Steel AB. We will continue normal operations under Cascade Corporation ownership.

Cascade Corporation is a global leader in their field and will, through this purchase, establish a production base in Scandinavia as well as widen their product portfolio. It is a natural step in strengthening the company’s position as the premier supplier to the material handling industry. Cascade Corporation’s headquarters are located in Portland, Oregon (USA).

For more information please contact;

Anders Johansson
CEO/Chairman of the Board Scana Steel Booforge AB
Tel: +46 70 588 93 33
anders.johansson@scana.no
www.booforge.com

Preview of the logo for Booforge Steel AB;