ALTUS Norway stores more than 500,000 wine bottles
Two years ago, five of the employees took over the company for only one dollar. Now they manage Altus Norway, the logistics company, against super results and million surpluses. Supersuccess: Altus Norway has become a big success after moving from Oslo to Moss. Import and storage of wine has become the most important success factor. From left Yngvar Trandem, Vidar Olsen, Morten Dahl, Stig Sandum and Lars Gunnar Andersen. (Photo: Photo: Jon Gran) The plant at Vanem in Moss will now close to doubles to house a stock of half a million wine bottles. It was in 2013 that the Singapore-owned logistics company Altus Norway took the first move from Oslo to Moss. Shortly thereafter, the entire business had moved into the tailor-made premises at the Marine Trading-owned Vanem business park.
- We went "all in". We saw that Moss was the right place for us to develop. Logistics, Moss has all the infrastructure. In addition, we received an invaluable support from Marine Trading as we entered into a lease with, says Stig Sandum, Morten Dahl and Vidar Olsen, who now have control of the company.
Supersuccess: Altus Norway has become a big success after moving from Oslo to Moss. Import and storage of wine has become the most important success factor. From left Yngvar Trandem, Vidar Olsen, Morten Dahl, Stig Sandum and Lars Gunnar Andersen. (Photo: Photo: Jon Gran)
When Altus came to Moss, the financial situation was a little different. The accounts showed significant deficits and negative equity. Then, the offer from Singapore to Stig Sandum came to buy out the moss department for one dollar, and part of a franchise concept in Altus. "I agreed to it, but at the same time, I wanted to bring with me several other employees in the ownership," says Sandum.
It turned out to be a yellow print. As owners in their own company, they have been successful with Altus. The accounts for 2015 show a profit of NOK 3.5 million, an improvement of NOK 12 million from the previous year. The turnover also increased from 33 to 58 million kroner. However, there is a clue of what is in store. After Altus last year, by chance, began to handle import, warehousing, customs clearance and dispatch of wine for private wine retailers, the turnover is deducted to 150 million. 100 million can be attributed solely to wine management. Recently, Altus also landed a 35 million kronor new wine contract. The warehouse at Vanem has become a giant customs settlement, from which thousands of thousands of wine bottles are sent to Vinmonopol sales across the country as well as directly to the hotel and restaurant market.
There were new demands from the Vinmonopol to the private wine import wholesalers who opened the wine road for Altus. In the woods of large and small private actors, there was demand for more tidy and simpler systems. It is the market bit that Altus now enjoys and aspires to become one of Norway's three biggest ones. Due to the fact that small importers have received a better import system, their import share has also increased, says the guys behind Altus.
It almost does not believe itself
Since its inception in 2013, the number of jobs has doubled, and Altus will employ 17 people during the year. "We thought we did something right when we focused on Moss, but we did not dream that this would be so big. Everything has fallen in place for us. As a logistics company, we have not been seen as a competitor in the local community. On the contrary, we have had incredible cooperation with the Moss Transport Forum as well as Collicare in Moss, says the three leaders in the company.
CEO. in Marine Trading, which stands behind Vanem's Lars Gunnar Andersen business park, says that cooperation with Altus has been a win-win situation. "We had faith in Altus, and wanted to make arrangements for them," says Andersen, who has now given Altus the opportunity to expand its warehouse by 2,500 square meters. It is necessary to increase the capacity of the wine store. The bet and won: Morten Dahl, Vidar Olsen and Stig Sandum reversed deficit to million surpluses and doubled the number of employees at Altus in Moss.
Also, the general manager of the Mosser Regional Development Corporation, Yngvar Trandem, is impressed by the development, and takes the opportunity to remind you that there are companies like Altus, which show how important it is for Moss to harbor ports. The proximity to the port was one of the prerequisites for the establishment in 2013.
Stands on several legs
In addition to wine, Altus serves continued warehouse and sub-market for oil and gas as well as for ships worldwide. Today, Altus signs an important three-year agreement with Optimera Marine on stock and shipping for materials for use on ships, platforms and wind turbines. In addition, the company operates regular third-party logistics, and stores, among other things, all of Nilles seasonal products.
Source: Moss Avis