Credo sells the price winning Norwegian furniture company FORA FORM to the Swedish furniture group Lammhults Design Group.
The furniture company Fora Form has upgraded its entire collection, with substantial positive effect on both top and bottom line results. EBIT has increased from NOK 2 million in 2010 to NOK 7 million in 2011.
– Med Credo Partners på eiersiden tjener vi penger selv i dårlige tider, sa adm. direktør i Fora Form, Trygve Aasland, til Finansavisen. Vedlagt ser du artikkelen som omtalte Fora Forms positive resultater under finanskrisen.
Credo Partners has acquired a majority stake in Fora Form. The current owners continue as minority shareholders..