The Home Improvement subsidiary, which was acquired in 2007, sells a number of different interior products for the home, for flooring, walls and storage. The business area is operated through two companies, each with their own brands, Lundbergs and Duri, and both are market leaders in their principal product segments in Sweden. The businesses have a combined total of some 80 employees and in 2011 sales amounted to SEK 274 million with an operating profit (EBITA) of SEK 25.8 million.
“Home Improvement has developed well and now offers a strong platform for continued Nordic expansion in its segment. Within Inwido, we are focused on becoming a European leader in windows and doors. We have therefore decided to divest this business area, since it is purely a trading operation with a different business model that has no connection with our other operations,” says Håkan Jeppsson, President and CEO of Inwido.