Niche Products

Division Niche Products was started as of 1 April 2012 and is in its formative stages. Aside from developing its five current subsidiaries, a priority is to grow by acquiring new businesses. 

We are primarily looking for solidly profitable businesses with revenue in the order of MSEK 50 to MSEK 200. Acquisition targets should preferably have a strong position on their market niche and have a large element of proprietary products. As owners, we believe in decentralised decision-making under accountability. We offer acquired companies an opportunity to continue to develop their business under their own name, much in the same way as before, at the same time taking advantage of Lagercrantz Group’s resources to grow the business at an accelerated pace.

Niche Products

2012/13

2011/12

2010/11

Net revenue, MSEK

217

150

85

Operating result, MSEK

35

26

12

Operating margin, %

16.1

17.3

13.7

 

Today Niche Products consists of the businesses in five subsidiaries:

  • SwedWire manufactures and sells galvanized steel wire used for road barrier ropes, guy wires for staying of masts for example, and wire for suspended electric and submerged electric cables. Directly or indirectly, most of the company’s products end up with customers all over the world.
  • Svensk Stålinredning offers storage and exposure solutions to customers in the retail trade and industry. The solutions are custom-made for products such as sweets, pharmaceuticals, automotive tires and skis. The company also does a considerable volume of subcontracting and can offer cutting, forming, painting and assembly of sheet metal products. The export market is under development, but still constitutes only a small part of the company’s total sales.
  • Vendig offers components for conveyors in bulk industries, such as mining and crushing facilities. The company is especially well known for its high-quality belt scrapers for conveyors. Most customers are found in the Nordic countries.
  • Plåt & Spiralteknik is a niched player that develops, manufactures and markets shaftless spiral conveyors in Sweden, Europe and worldwide. Customers are found among companies active in biofuel handling, waste water treatment, to sawmills and the recycling industry.
  • Thermod develops, manufactures and sells niched doors in fibreglass-reinforced plastic material laminate with long life and high quality for cooling and freezing rooms or environments in humid and hygiene-sensitive areas with stringent requirements. Sales are divided on Sweden (60%), Poland (30%) and other countries in Northern Europe (10%). Most customers are found in the food processing industry, in the food retail trade and among institutional kitchens as well as in hospitals, indoor swimming pools and the like.