Ballingslöv acquires the Danish company Svane Køkkenet as a new channel of distribution into the Danish market – annual supply value for Ballingslöv is approximately 250 MSEK starting 2005.
As of 19 March 2004, Ballingslöv has entered into an agreement regarding the acquisition of the trademarks, franchise concepts and all other rights regarding Svane Køkkenet.Svane Køkkenet consists of 26 kitchen stores and a joint company for purchase, marketing, product development etc. The chain of stores have appr 200 employees and an annual turnover amounting to appr 450 MDKK or appr 550 MSEK. Svane Køkkenet is one of the two or three largest and most well known brands on the Danish kitchen market. The distribution value from Ballingslöv to the Svane stores will amount to appr 250 MSEK