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Press Release | 5 Jul, 2007 | 15:43 | Regulatory

Fagerhult announces disposal of LampGustaf Inredning AB

LampGustaf Inredning and its Hong Kong based sourcing company has sales turnover of 80 MSEK and 27 employees. The companies has been a part of the Fagerhult Group and Business Division Domestic Lighting since Februari 2005. LampGustaf Inredning offering products for domestic lighting applications is located in Bollebygd, just outside Borås in Sweden.

This disposal is a step in the execution of Fagerhults previously announced strategy to be among the top three players in Europe.
“We have to focus on our core strategy to be in professional lighting and I am pleased that we are able to find such a natural home for LampGustaf Inredning”, says Fagerhults CEO Per Borgvall.
With Vätterleden as the owner we will create continuity and stability for the company and its customers”, he continues.

Habo 5 July 2007

For more information, please contact:

Per Borgvall
tel: +46 36 10 87 06
mobile: +46 70 655 45 44

Ulf Karlsson
Financial Director
tel: +46 36 10 85 63
mobile: +46 70 537 04 54