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Kockums Mekaniska Verkstads Aktiebolag (Kockums Mechanical Works Incorporated) Deal - Lehman Brothers Collection

Kockums Mekaniska Verkstads Aktiebolag (Kockums Mechanical Works Incorporated)

Company DealKockums Mekaniska Verkstads Aktiebolag: $15,000,000 6% guaranteed dollar debentures due September 1, 1980
Transaction TypeGuaranteed Dollar Debentures
Deal DescriptionKockums Mekaniska Verkstads Aktiebolag added the net proceeds from this transaction to its general corporate funds. Kockums used its corporate funds to finance ship sales and to further carry out its program of rationalization and diversification. Commencing in 1948 with the acquisition of AB Landsverk, a leading Swedish manufacturer of earth-moving and materials-handling equipment, Kockums had been engaged in a long-range program of expansion and diversification. Acquisitions included companies in the fields of forestry equipment and road transport equipment for liquids and bulk material as well as manufacturers of other types of machinery and equipment.
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