The owners of the furniture manufacturer Fogia acquires all shares in Tibro Möbelindustri AB and adds further expertise, primarily in sales and marketing, with the purpose to increase the pace of expansion. Lars Weibull AB was the sellers’ advisor throughout the transaction process. Moll Wendén was the sellers’ legal advisor.
Tibro Möbelindustri AB has a long history of developing and manufacturing top quality furniture, especially functional furniture for learning environments, with a focus on noise reduction and sound absorption. In recent years, the company has developed a number of unique product concepts for both the public sector and the commercial market for furnishings.
“Tibro Möbelindustri AB has unique concepts and a wide range of products with great potential in public environments”, says Marcus Huber, one of the new owners of Tibro Möbelindustri AB and Managing Director of Fogia. Like Fogia, Tibro Möbelindustri AB stands for the highest quality at all levels. The production and the products complement Fogia’s well, and there are great opportunities for cross-fertilization between the companies. In the autumn, they will jointly present new interesting product concepts for customers in the public sector.
“We have been looking for new owners, who can help us take the next step in the development of Tibro Möbelindustri AB. Through the owners of Fogia we have received expertise within both sales and marketing, while becoming an even more attractive partner to customers in the public sector through a strong joint offer”, says Lars Norlander, Managing Director and former owner of Tibro Möbelindustri AB.
“For the sellers Lasse and Ewa Norlander it has been of utmost importance to find the right buyer with an understanding of the products and market of Tibro Möbelindustri AB’s, and with knowledge on how to further develop the company in the right direction. With the owners of Fogia I feel that we have found what we were looking for, and it feels very good”, says Tobias Lundin, Project Manager at Lars Weibull AB.
Lars Weibull AB was the sellers’ advisor throughout the transaction process. Moll Wendén Law Firm acted as legal advisor to the sellers. Anders Steén was the responsible legal advisor at Moll Wendén Law Firm and Tobias Lundin was the responsible project manager at Lars Weibull.
For more information please contact:
For more information, contact Anders Steén, Partner at Moll Wendén.
+46 703 26 65 10
Image source: Tibro Möbelindustri AB