Välinge Group acquires all flooring technology shares

Home News Välinge Group acquires all flooring technology shares

Viken, Sweden—Välinge Invest AB, owned by the family Perván, and Nordstjernan Investment have agreed that Välinge Invest will acquire all Nordstjernan’s shares in Välinge Flooring Technology (VFT), which is the parent company of the Välinge Group (Välinge).

The Parties have agreed to settle all disputes.

“Välinge is a unique company with good profitability,” said Tomas Billing, CEO of Nordstjernan. “Nordstjernan has been a shareholder in Välinge since 2002 and during that time the company has evolved from a project company to a global leader. Earnings have multiplied ten times and Nordstjernan’s investment has generated a high return.”

“Nordstjernan has been a shareholder in Välinge for eight years and has got a good return on its investment as a result of continuous technical development,” said Darko Perván, CEO of Välinge. “The acquisition increases Välinge Invest AB’s shareholding from 50% to 100% of the parent company VFT that owns 60% of Välinge. We are increasing our shareholding in order to streamline decision-making, to strengthen our long-term investment in new technologies and to diversify into other areas.”

Must Read

How consumers discover products on social media

(This article was originally published at HubSpot.com. It has been edited for content and style.) Marketing is all about meeting people where they are—and often,...

Dal-Tile showcased in Mohawk ESG Report 2022

Dallas, Texas—Dal-Tile and its tile brands—Daltile, Marazzi and American Olean—are part of the newly released Mohawk Industries Environmental, Social and Governance Report (ESG Report...

Spartan Surfaces acquires HiLine Inc.

Bel Air, Md.—Spartan Surfaces acquired HiLine Inc., effective September 30, 2022. Based in Minneapolis, HiLine covers Minnesota, Wisconsin, Dakotas, Iowa and Nebraska. Spartan welcomes the HiLine...

Obituary: William Norris Little Sr., Shaw Industries

William Norris Little Sr., retired president/COO of Shaw Industries, passed away on Oct. 1, 2022 at the age of 91. Norris was born June 28,...

Louisville Tile acquires Mid America Tile

Louisville, Ky.—Louisville Tile Distributors has acquired a 100% interest in Mid America Tile, a wholesale tile distributor and importer specializing in ceramic, porcelain, glass,...

Annual Product Guide 2022

As supply chain slowdowns eased, flooring manufacturers got back to the business of delivering winning products to their flooring retailers. Indeed, FCNews’ 2022 Annual...
Some text some message..
X