SBS Group acquires Malmstolen AB
SB Seating has agreed to acquire 100% of the shares in Malmstolen AB. Due to the strong product features Malmstolen has developed a respectable position in Sweden and selected European markets in the segment ergonomic office chairs.
Malmstolen had a turnover of 56.5 million SEK in fiscal year 15/16 where 90% of sales were generated from the three key markets; Sweden, France and Norway. In addition, Malmstolen also distributes its products in Denmark, Netherlands, Finland, Germany, Austria and Switzerland. The Malm family has developed Malmstolen since 1994, and has managed to build a reputable brand and an attractive position for ergonomic office chairs. SB Seating's goal is to support and empower Malmstolen as an independent company and brand as it will maintain its autonomy. The company is led by brothers Erik and Arne Malm. Both of them will continue the management and further development of Malmstolen and its products.
«Malmstolen is a well run company with a clearly differentiated position in the market. The Malm family have developed a successful concept with unique products and we strongly believe that SB Seating can help Malmstolen to leverage its position as the concept has potential for further development in Scandinavia and internationally», says CEO. Lars I. Røiri in SB Seating.
«We are sure that SB Seating will be a very good owner for Malmstolen going forward. This will strengthen Malmstolen opportunities for growth and the development with our ergonomic office chairs. In combination with SB Seating's expertise, experience and financial strength Malmstolen will have the best conditions to continue our positive development», says Arne Malm, CEO in Malmstolen.
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For further information
CEO Lars I. Røiri in SB Seating, +47 911 79 067
CEO Arne Malm Malmstolen, +46 708 744 875