Litorina backs Gullbergs MBI

Previous majority owners Anders Bogren and Fredrik Paulsson have retained a significant minority shareholding. Bogren was replaced by Tomas Bergström, formerly CEO of Litorina's Textilia, in the position of group CEO. Bergström and new chairman Michael Andersson co-invested in Gullbergs alongside Litorina.

Litorina stated that it has provided resources for organic and acquisitive growth as part of the transaction.

Company
Gullbergs, founded in 1936, is an office supplies retailer, operating 21 outlets in the south of Sweden and the Mälardalen region. Headquartered in Ängelholm, Sweden, it employs 230 staff and generated sales of SEK 515m in 2011.

People
Partner Paul Steene led the deal for Litorina. Tomas Bergström was brought in as group CEO of Gullbergs, replacing minority stakeholder Anders Bogren. Michael Andersson, previous CEO of office supplies provider Svanströms, was appointed as chairman.

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