Electrolux has signed an agreement in principle to sell the business within Electrolux Plastcenter AB to the Swedish company Vätterledens Invest AB.
Electrolux Plastcenter has an annual sale of approximately SEK 125 million, and employs 120 people. The business, which includes manufacture of plastic parts, is done mainly for Electrolux. The Electrolux Plastcenter business is located in Motala, Sweden, adjoining the Electrolux factory in Motala.
Vätterledens Invest AB owns several businesses, including other plastics factories, such as Rune Ask AB, Euroform AB Thuressons Marketing AB and AB Verktygsmekano.
The divestiture of Electrolux Plastcenter’s business, is part of Electrolux strategy to concentrate on its core businesses. It is expected that the new business will continue to supply products to Electrolux.
The Electrolux Group is the world’s leading producer of household appliances for indoor and outdoor use, and of corresponding products for professional users. The Group has 99,000 employees (1998) and sales of SEK 117 billion (1998). Every year, consumers in more than 100 countries buy more than 55 million Group products.
For further information, please contact Lars O Johansson, at +46 141 23 80 00.
For Vätterledens Invest AB, contact Hans-Olof Klarqvist at +46 708 17 48 37 or Carl-Gösta Ekström at +46 708 17 48 01.
The Electrolux Press Hotline is available at +46 8 657 65 07.