Advised on Sale of CompanyConsumer & Retail
Acquired Majority Control of Business Operations
Lifco AB, a unit of Carl Bennet AB, agreed to acquire an undisclosed majority interest in Wexman AB, a TIDAHOLM-based apparel cutting and sewing contractor and manufacturer of work clothes.
Wexman manufactures and sells warning clothes, protective clothing, workwear, profile clothes and work clothes of the highest possible quality for professional use. Everything from product development, design and manufacturing to warehousing and marketing makes Wexman themselves and puts the highest possible demands on materials, sewing and functions. Sales are made directly to end customers without any intermediary intermediaries. The goal is to offer its customers best value for money, in all respects. Highest possible quality at the lowest possible price. The company's comprehensive range includes collections designed and developed for the Crafts, Construction & Construction industry; Food & Transportation; Digging & Shoveling as well as Forest Offices.
The company's dominant customer group is owned companies with 5 - 30 employees. Today, customers are primarily in Sweden, but demand and export share is constantly increasing to countries such as Finland, Norway, Poland, Germany, Austria, the Czech Republic and the Netherlands.
Lifco is a financial group focusing on investments in specific niche markets. The company acquires and develops companies with the potential to deliver profit growth and strong cash flows in the long term. The Group has three business areas: Dental, Demolution & Tools and System Solutions. Operations are managed today by the Lifco Group's independent subsidiary, with operations at global level, primarily in Europe, Asia and North America. Lifco has approximately SEK 10,000 million and has approximately 4,800 employees.
"In recent years, we have challenged our industry by working directly towards end customers and offering the highest possible quality at the lowest possible price. As we now get Lifco as a new owner, we can add both one and two switches to our future growth trip, "said Olle Pagnert, co-owner and sales manager, Wexman.
"IMAP has really made us feel safe throughout this, in some moments, time-consuming process. They have guided us through all the steps in a very professional way. " said Peter Ström, CEO and co-owner, Wexman.
IMAP was the seller's advisor throughout the process.