150 years of development
It all started back in 1873. The two innovative engineers Gottfried Rystedt and Nils Petterson saw a niche for producing fasteners of standardized dimensions, a kind of product that was otherwise generally imported from Britain. For capital acquisition, they enlisted the help of businessman Herman Friedländer.
Started in Hallstahammar
They found the power they needed west of Stockholm in Hallstahammar, a town that has a river called Kollbäcksån running through it. Its strong flow could easily be converted into kinetic energy to run the industrial machines of the age. 1873 saw the start of Bultfabriksaktiebolaget – literally ‘The Bolt Factory Corporation’. In the beginning of the 20th century, the company extended its offering by acquiring various other businesses nearby, for example Eskilstuna Fabriksaktiebolag and Kanthal AB.
An age of expansion
As for Swedish industry generally, the end of the Second World War marked a new age of expansion. Competing factory Åshammars Bultfabrik was acquired and a factory was built in Kalix. Over a couple of decades, Bulten established itself as a leading European manufacturer of fasteners. The 1990s heralded further crucial steps toward growth, now oriented more internationally. Production units were acquired in Germany, China and Poland, and the decade also saw Bulten’s first appearance on the stock exchange. But 2001, Finnveden became new principal owner and the company was delisted.
Moved up to Stockholm mid Cap 2014
Finnveden's time as owner meant a new listing in 2011 on the Stockholm Small Cap exchange. In 2014 the Finnveden Group stepped down as owners of Bulten. A new management was formed, and the company was moved up to the Stockholm Mid Cap.
Full Service Provider
The past ten years have been a period of strong growth for Bulten. The automotive industry has been a key segment for Bulten. The company’s Full Service Provider (FSP) concept has proved to be a crucial market advantage.
In 2020, PSM International with operations in China, Taiwan, the UK and USA was acquired
Today, Bulten Group is headquartered in Gothenburg, Sweden, and encompasses some 1,600 people working in seven countries.