Isaberg Rapid, a wholly owned subsidiary of the listed investment company Industrivärden, is the European market leader in manufacturing and marketing of staplers and staples, under the brand name Rapid. 2005 revenues were 891 million SEK, with an operating result of 59 million SEK (EBITDA).
Isaberg Rapid was founded in 1936 in Hestra, Småland, where head office and main production are still located. There are also production facilities in France and China. The company sells to around 140 countries, and 94 % of sales originate outside Sweden. In 2005, 79 % of sales went to European markets, France and Germany being the largest. The company also sells to the US and Asia.
“Isaberg Rapid is the European market leader within staplers and staples. Segulah sees significant opportunities to both grow the company in sales and also continue the restructuring process that Industrivärden has initiated to further improve the efficiency and to do this together with the current management. We are very excited that Industrivärden has given Segulah III this opportunity”, says Gabriel Urwitz, Chairman of AB Segulah, the Investment Advisor of Segulah III, L.P.
“Segulah has followed our company very carefully during some years and shown a genuine interest in our operation and future possibilities. I look forward to explore our future potential growth together with my colleagues and Segulah”, explains Ingemar Broström, CEO of Isaberg Rapid.
Following completion, which is conditional on clearance from different European competition authorities, Lars Brodd will be appointed Chairman of the Board of Isaberg. A former CEO of Stiga, Mr Brodd, brings extensive experience from production, distribution and marketing.
For further information, please contact:
Gabriel Urwitz
Chairman of AB Segulah (publ.)
Tel: +46 (0)8 442 89 50
Mobile: +46 (0)705 90 89 00
Sebastian Ehrnrooth
Partner in AB Segulah (publ.)
Tel: +46 (0)8 442 89 50
Mobile: +46 (0)733 60 42 05
