Kährs strengthens its position in the Nordics
Malmö (Sweden), 26 January 2017 – Kährs Group, a Triton Fund III company, has signed an agreement with JM AB to supply wood flooring in Sweden and Norway.
The agreement involves the delivery of wood flooring to JM's new construction of apartments and single-family homes in Sweden and Norway over four years.
"We are very pleased to enter this new partnership with JM, which, for Kährs Group means increased presence in the new construction market in Norway, while strengthening our leading position in this segment on the Swedish market," says Christer Persson, President and CEO of Kährs Group.
JM is one of the Nordic region’s leading developers of housing and residential areas with a focus on new production of homes in attractive locations, with the emphasis on expanding in metropolitan areas and university towns in Sweden, Norway and Finland.
Deliveries under the new agreement will start during the first quarter of 2017.
About Kährs Group
Kährs Group is a world-leading flooring manufacturer in hardwood and resilient flooring with a number of strong brands in its product portfolio, including Kährs, Karelia and Upofloor. The Company's innovations have shaped the industry throughout history and Kährs Group is dedicated to providing the market with innovative new flooring solutions. Kährs Group, which delivers products to more than 70 countries, is the market leader in Sweden, Finland, Norway and Russia and holds a strong position in other key markets, such as the UK and Germany. The Group has approximately 1,600 employees and annual sales of EUR 300 million. www.kahrsgroup.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of around €13.8 billion and around 76,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, Luxembourg and Jersey.
For further information: www.triton-partners.com