Hultafors Group acquires Lyngsøe Rainwear and expands its workwear offering
Hultafors Group AB has today acquired Lyngsøe Rainwear ApS, a high-quality rainwear brand that extends and complements its premium offering of professional workwear and safety equipment.
Lyngsøe Rainwear is a supplier of high-quality rainwear for the professional end user, with headquarter in Herning, Denmark. The company was founded in 1999 by Bo Lyngsøe, who will remain in his role as Managing Director. Since 2018, Lyngsøe Rainwear have been a part of Hansen Protection in Norway who were acquired by Survitec in 2021, a global Survival Technology solutions provider that sell to the maritime, offshore, aerospace and defense industries.
Lyngsøe Rainwear has ca 136MDKK in revenue with profitability above Latour and Hultafors Group and ca 25 employees.
Lyngsøe Rainwear will operate as a standalone business unit under Hultafors Group’s existing workwear brand Fristads.
“We are deeply impressed with Lyngsøe Rainwear’s broad assortment of rainwear that helps protect workers in harsh environments across a broad end user base. This is a natural next step for Hultafors Group to broaden our workwear portfolio and a product category that is well aligned with our group mission to improve how the world works”, says Martin Knobloch, CEO of Hultafors Group.
“We are very excited to welcome the Lyngsøe Rainwear team to the family. We see great potential in continuing to build on the Lyngsøe Rainwear brand and their product portfolio is a great complement to Fristad’s existing assortment”, says Fristad’s MD Petra Öberg Gustafsson.
“We see Hultafors Group as the perfect long-term owner for Lyngsøe Rainwear as they bring deep sector expertise and exciting growth potential. We look forward to seeing Lyngsøe thrive as part of a group of workwear enthusiasts and have a strong belief this can unlock exciting new opportunities for the company”, says Robert Kledal, CEO for Survitec and Bo Lyngsøe, MD for Lyngsøe Rainwear jointly.
Gothenburg, 7 January 2025
Martin Knobloch, CEO Hultafors Group
For further information, please contact:
Cecilia Nesser, CHRO, Head of Communications, Quality & Sustainability , +46 73 424 46 96
Petra Öberg Gustafsson, MD Fristads, +46 70 538 33 36
Fredrika Ekman, Investment Director, Investment AB Latour, +46 72 584 93 43
About Fristads
Fristads has challenged and driven the development of durable and functional workwear since 1925, always with professional workers in mind and with innovation and sustainability as drivers. Our range of clothing includes classic as well as contemporary garments for a wide range of industries and our garments are made to meet the highest standards when it comes to quality, safety and comfort. Fristads is part of Hultafors Group, which is owned by Investment Latour AB and offers a broad portfolio of products and brands catering to professional craftsmen. Read more about Fristads at www.fristads.com.
Contacts
Petra Öberg Gustafsson
- petra.gustafsson@fristads.com
- +46 33 20 22 22
- +46 705 38 33 36
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