Draper has announced it has sold its subsidiary company, Draper Europe, located in Halmstad, Sweden, to members of the current management team. Draper purchased Bjurab (now Draper Europe) in October 2002.
At that time Bjurab was a manufacturer of projection screens with sales throughout Europe. During the nineteen years that Draper owned the company, Draper Europe has grown significantly, and has diversified their product to include awnings and window coverings.
“Although it was a difficult decision, we feel that selling Draper Europe was a good choice for both companies”, said Draper President Chris Broome. “Local ownership will benefit Draper Europe, and they are well positioned for continued success. This transition will also create new opportunities for Draper to invest in our Spiceland, Indiana manufacturing operations.”
Draper Europe will continue to operate under the Draper brand in 2022, under the ownership and guidance of managing director Tomas Andersson and Falkess.
“During the 25 years I’ve worked within the company, we have had an incredible journey.”, said Andersson. “Under the ownership and guidance from Draper we have had stable growth over the years and diversified into the Nordic awnings and shades markets during 2012. With this background and with the acquisition into local ownership we will continue to develop and grow our position.”
“Draper Europe is well-positioned and ready for the next step in its development,” said Ingemar Esbjörnsson, Falkess. “We are very grateful for a successful 19 years under the management of Draper.”