Investment houses sell stakes in Elmo Leather
100% ownership of one of the world’s largest manufacturers of furniture leather, Svenljunga, Sweden-based Elmo Leather, today passed into the hands of its president, Nalle Johansson and executive vice president, Anders Bengtsson. The sellers were Accent Equity Partners and Nordic Capital Fund II. Financial details of the transaction were not disclosed.
“We have had good owners who have taken great responsibility for Elmo’s development,” says Johansson. “We see great development potential for Elmo and are both humble and inspired in the face of the future. The new ownership does not entail any changes for the operations. We will continue to develop high-quality furniture and automotive leather in partnership with our international customers.”
Since 2004, Elmo Leather’s production of leather has been concentrated at the parent company’s facilities in
