Duroc was founded in 1987 with the idea of laser hardening hardening horseshoes. When Duroc was introduced to the stock market in the mid-1990s laser-processing technology was the only business. During the years, operations have been developed, acquired but also sold or otherwise discontinued. With the acquisition of IFG, we have become a substantially larger and more international industrial group. Here is an overview of our historical development.
Duroc was founded in 1987 as a collaboration between the Luleå Technical University and an entrepreneur. The original business concept was to launch commercially the revolutionary technology of using laser hardening to manufacture durable horseshoes.
The Duroc stock was listed on the stock market.
Duroc acquired SJ’s wheel maintenance workshop in Luleå.
The foundation for the DMT group was laid through acquisitions. The following year, operations expanded in the rest of the Nordic and Baltic countries.
Carried out an investment program of approximately SEK 50m for Luleå operations Duroc Rail and Duroc Special Steel. Also sold Duroc Tooling in Robertsfors
At the beginning of 2017, the Fiber manufacturer International Fibers Group was acquired. With the acquisition, annual sales increased from approximately SEK 400m to approximately SEK 2,200m. During the second half of the year, a company in the field of climate control and energy efficiency was acquired, which subsequently changed its name to IFG Cresco.
In the summer of 2018, the diesel engine distributor Universal Power Nordic was acquired.
Herber Engineering was acquired during the spring of 2019. Herber manufactures advanced hydraulic and electrical tube bending machinery for cold tube forming. During the summer, the Cotting Group, consisting of the French company Griffine Enduction and the Belgian company Plastibert & Cie, was acquired. Through the acquisition of these two units, which have been operating for more than 60 years, and with strong positions in their respective areas, the Duroc Group establishes itself in the international market for coated textiles.