Oboya appoints new CEO for the subsidiary COFA Plastics AB
Oboya Horticulture Industries AB (”Oboya” or the ”Company”) has appointed Jimmy Axelmyr to new CEO for Oboyas subsidiary COFA Plastics AB (”COFA”). Jimmy is currently replacing Mats Johansson who has reached retirement age.COFA has a strong focus on the home growers market. But for several years they have been dragged with a low and unsatisfactorily profitability. The activities that have been initiated have reduced the fixed costs, but COFA also needs to improve sales and its margins. Also, it is estimated that there are additional savings to be realized in the business while maintaining