SWEDEN - Bure divests Textilia for EUR 201m

Bure acquired the business, then known as Länia Textil AB, in 1997 and subsequently merged it with fellow portfolio company Wash-it-gruppen to create Simonsen Sverige AB. The company was grown through four strategic acquisitions before part of the business was divested to form Simonsen Material in 2004. Since then Bure and management have improved profitability of Textilia by refining and rationalising the business. The group now generates revenues of approximately SEK 320m.

The company has four production units located in Karlskrona, Örebro, Rimbo and Långsele. Its customers are mainly within the public healthcare and nursing sectors in Sweden.

Litorina made the investment from its fund Litorina Kapital III.

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