Altor-owned Network of Design acquires the premium design icon Kasthall
Network of Design (NOD) was formed in 2020 with the mission to bring carefully selected Scandinavian design driven brands to every corner and pocket of the world. Today, NOD can announce the acquisition of Kasthall, an iconic design brand producing quality rugs for clients worldwide. Kasthall joins NOD along with design icons such as String Furniture, Grythyttan Stålmöbler, and digital natives like Photowall. The design brands collaborate and share expertise to strengthen each brand’s growth potential into new geographical and digital markets.
Kasthall’s products are distributed internationally in more than twenty markets, with +350 dealers worldwide, and showrooms in Sweden, Italy, USA, and Japan. Kasthall employs 80 people and had a turnover just below 200m SEK in 2022. Kasthall was established in the heart of Sweden’s textile industry in Kinna 1889 and has been at the forefront of the interior design industry ever since. Clients have turned to Kasthall for over 130 years to bring woven and hand-tufted rugs into their lives. Always created upon order with natural materials, wool, and linen, to ensure the perfect fit and that no materials are wasted.
”Kasthall is the perfect fit for NOD because of their design quality, strong international brand, care for the craftmanship, and sustainability with their production in Kinna. We also see that the Kasthall design archive holds immense opportunities for growth as a unique and stable resource for further development and collaborations. Together we will ensure that floors all over the world will enjoy Kasthall’s products”, says Therese Hillman, CEO at NOD.
“We are very excited about entering this partnership, we can now begin the conversation with the fantastic people and brands in NOD. I am confident that our shared expertise and passion for quality craftmanship will lead Kasthall in an exciting direction. We are in good company as we take Kasthall into new digital and geographical spaces”, comments Johan Bergh, CEO at Kasthall.
Since 2020, NOD has gathered nine brands to create beautiful rooms around the world: String Furniture, Byarums Bruk, Photowall, Cooee Design, Kid’s Concept, Grythyttan Stålmöbler, Kasthall, Wall of Art, and, Norling Studio.
For more information, please contact:
Therese Hillman, VD Network of Design, +46 739 48 40 67