Gullbergs Sverige AB, an Ängelholm, Sweden-based provider of office supplies to small and medium sized companies, has received a majority equity investment of undisclosed amount from Litorina IV.
In conjunction with the deal, Tomas Bergström, former CEO of Litorina’s portfolio company Textilia, has invested in the company and will become CEO. Michael Andersson, former CEO of Svanströms, has invested in Gullbergs Sverige and become new chairman.
Following the transaction, Anders Bogren (departing CEO) and Fredrik Paulsson, the company’s former majority owners, have retained a significant minority ownership.
The company intends to use the proceeds from the financing to grow organically and thorugh acquisitions.
Founded in 1936, Gullbergs provides office supplies to small and medium sized companies in Sweden. The company currently has 21 outlets, mainly in the south of Sweden and the Mälardalen region, which together with the company’s external sales representatives, customer service and webshop, serve more than 25,000 customers across Sweden.
In 2011 Gullbergs had sales of SEK 515m.
FinSMEs
22/07/2012
Gullbergs, founded in 1936, is Sweden’s leading provider of office supplies to small and medium sized companies. Today, the company has 21 outlets, mainly in the south of Sweden and the Mälardalen region, which together with the company’s external sales persons, customer service and webshop, serve more than 25,000 customers across Sweden. In 2011 Gullbergs had sales of SEK 515 million. For more information, please visit .