Eitrium acquires Eliasson Plast AB, a manufacturer of Plastic Goods
Eitrium has acquired all shares in Eliasson Plast AB, a Swedish manufacturer of plastic products within packaging and plant growing industries. The sellers, the Eliasson-family, will continue to operate Eliasson Plast AB to ensure the continuation of its way of doing business.
The Borås-based business has remained in operation since 1976. The focus has historically been on packaging products such as lids, plugs and ends for cardboard sleeves. Today, these products are still an important product group, but have since been complemented with their own proprietary products in the plant growing industry and by the manufacture of subcontracted products. The current owners have with great success developed the company into a market leader with well-established customers. In 2021, the company had sales of approximately SEK 47 million.
“We are very pleased to have the opportunity to acquire Eliasson Plast AB, which further strengthens our position within plastic goods and product development, to the great benefit of all Eliasson’s customers who need to secure its supply chain in today’s volatile markets. Eliasson Plast is a very niche and stable product company with a long history of serving their customers, many from its inception in 1970’s” says John Eriksson, Investment Manager at Eitrium.
“With Eitrium as our new long-term partner we see a great potential to serve our customers even better and retain our position as a preferred supplier of plastic goods offering our customers stability in today’s markets. The reason why we chose Eitrium is their autonomous business model where we, as acquired companies, are allowed to continue our business with retained culture and focus on customer satisfaction.” says Thomas Eliasson, CEO and Founder of Eliasson Plast.
Read more about each company www.eliassonplast.se and www.eitrium.com.
For questions, please contact:
John Eriksson, Investment Manager at Eitrium, john@eitrium.com, 076-118 44 33
Thomas Eliasson, CEO of Eliasson Plast, thomas@eliassonplast.se, 070-825 54 30
About Eitrium
Eitrium is a diversified nordic group that invests in established product companies in niche markets. Our vision is to create the safest port for small and medium-sized entrepreneurial companies with market-leading products.
Tags: