Elfa group acquires German market leader for creative shelving
Elfa Group has acquired a majority share in the German companies PEKO GmbH and PEKODOM GmbH, the market leaders for creative shelving systems in Germany. Thanks to the purchase, Elfa Group is growing while expanding its product range at the same time.
As part of the company’s efforts to establish it as a stronger player throughout Europe, Elfa Group has acquired a majority share in the German companies PEKO GmbH and PEKODOM GmbH.
Elfa Group is one of the world’s leading companies for customized storage solutions. Elfa’s products take their inspiration from Scandinavian design and are made from carefully selected materials. Customized storage solutions are available for every room in the home and can be combined to satisfy a specific need. Manufacturing takes place in Sweden, Norway, Finland and Poland.
With this investment elfa, which is already a market leader in North America and Scandinavia, will increase its market share in Continental Europe and will increase total elfa turnover to more than 1 billion SEK. Thanks to the acquisition, Elfa Group will be expanding its product range to include, in addition to customized storage systems, decorative shelves for furnishing purposes.
The sister companies PEKO and PEKODOM are market leaders in Germany within decorative shelf solutions and do-it-yourself shelf systems. The companies, which were founded in 1968 and 1983 respectively, will provide a solid base for expansion of elfa products in Continental Europe as well as continue to develop their strong product range and supplement Elfa’s range in Scandinavia and other markets.
About Elfa Group AB
Elfa Group AB is the parent company of the Elfa group, which consists of ten companies in Sweden, Norway, Finland, Denmark, Holland, France, Poland and Germany. Elfa is owned by The Container Store. Leonard Green & Partners, LP is a majority stake holder in The Container Store. The group has five brands: elfa, Sparring, Lumi, Kirena and NoGa. The company was founded in 1947 and has developed into a world leader in production and sales of customised storage solutions. Elfa is represented in approximately 30 countries, selling its products through leading retail and business-to-business channels. The group has 600 employees and a turnover in 2006 of approximately 738 million SEK.
About PEKO GmbH and PEKODOM GmbH
PEKO GmbH was founded in 1968 to provide the German DIY-market with shelving systems. In 1983 the sister company PKEODOM GmbH was founded to sell decorative wall shelving mainly to the furniture market and mail order trade. Today this company is market leader in Germany with decorative wall shelving made of wooden, glass, aluminium and steel. The company strength is the marketing with high innovation and constantly development of creative and trendy wall shelves. The production and purchase is world wide. With more than 40 employees in Mönchengladbach the company reach a turnover approximately 15 Million EUR.
For further information:
Stefan Ferm, Chairman Elfa Group AB
Mobile: +1 214 912 2526
Christer Johnsen, President Elfa Group AB
Mobile: +47 90 88 94 55
Peko GmbH, Pekodom GmbH
Karlheinz Peperkorn, Managing Director
Mobile: + 49 172 2055 190