Elvström gets new owner
By IBI Magazine
Denmark's Elvström Sails, one of the largest sailmakers in Europe, has been sold to Danish businessman Peter Jørgensen for an undisclosed sum. Effective immediately, Jørgensen will assume the role of chairman of the Elvström Sobstad Group, which produces more than company 30,000 sails per year at its main factories in Denmark and France.
Claus Olsen, owner and chairman of the group since 1980, will remain in a management position to oversee the group's subsidiary companies in the UK and Norway, as well as purchasing and other foreign supply contracts. None of the other 100 employees at the main factory in Aabenraa, Denmark will be affected.
"I am delighted to be taking over such a well known and successful company as Elvström Sobstad," says Jørgensen. "There will be no major changes to the company in the short term, but we will of course be looking to optimise many areas of the business and at the same time focus our efforts on developing our existing and new markets."
Founded as Elvström Sails in 1954, today the company is the preferred supplier to many of Europe's best known yacht manufacturers, including Bavaria Yachts, Bénetéau, Hallberg Rassy, Sunbeam, Dufour and Etap. In 2002, the company bought US sailmakers Sobstad, and the company was renamed Elvström Sobstad.
(22 May 2007)
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