Ratos: Hilding Anders acquires unit from Dunlopillo
In addition to the assets in these operations, the acquisition gives Hilding Anders sole rights to the Dunlopillo brand in the UK and Ireland.
"Slumberland and Dunlopillo complement each other and target different sectors of the market. Dunlopillo is a well-established luxury brand while Slumberland's strength lies in the middle segment of the market," comments Bengt Adolfsson CEO of Hilding Anders.
Dunlopillo manufactures beds, pillows and mattresses and has annual sales of approximately GBP 14m. The company has 90 employees. Patrick Newstead will be CEO of Hilding Anders UK and will be responsible for both the Dunlopillo and Slumberland units.
Hilding Anders (www.hildinganders.se) is one of Europe's largest bed manufacturers with a market share of 15%. The company has operations in 14 countries around Europe. Hilding Anders has grown substantially in recent years from sales in 1987 of approximately SEK 62m to its present level of approximately SEK 3.8 billion in 2002. The company has approximately 2,200 employees. A stock-exchange listing is planned in 2003.
Ratos's holding in Hilding Anders amounts to 27%.
Ratos is an investment company that develops unlisted medium-sized companies based in the Nordic region. As an active owner, the goal is to contribute to long-term, sustainable development of the companies. Ratos is listed and invests capital from its own balance sheet and thus has a flexible ownership horizon. Ratos's 12 companies are divided into three business areas; Construction & Services, Consumer & Technology and Industry. In total, the companies employ approximately 12,300 employees.