Björnkläder, a Gothenburg, Sweden-based specialized wholesale and retail business focused on professional workwear and personal protective equipment, has been acquired by Litorina from Davis Service Group.
The company, which has a nationwide coverage in the Swedish market through its Grolls retail chain and independent retailers, also owns one of the premium workwear brands, Björnkläder.
Grolls has a network of 24 stores in Sweden and additional two stores in Finland and Estonia.
The investment, which was made through Litorina Kapital III, is intended to support the company’s management team in continuing to grow Björnkläder in Sweden and in the other Nordic markets.
Founded in 1905, Björnkläder generated approximately SEK 480m in sales in 2009 and currently employs about 185 people.