Ratos company Plantagen acquires Flyinge Plantshop
Plantagen has acquired Flyinge Plantshop, which is one of the leading nurseries in Sweden and renowned for its expertise, quality and service. The company’s sales, of which more than 50% derives from corporate customers, amounted to SEK 82m in 2021, with an EBITDA of SEK 12m. The acquisition broadens the product offering and customer base in Plantagen. Plantagen is now strengthening its position as the leading garden centre for private and corporate customers within the private and public sectors.
“Add-on acquisitions of this kind are entirely in line with Ratos’s strategy. Flyinge is a well-managed family company, where the focus is on quality and a long-term approach. The acquisition will lead to synergies and contribute to the continued development of Plantagen, primarily through the unique range and expansion toward corporate customers,” says Anders Slettengren, Chairman of the Board of Plantagen and President Business Area Consumer, Ratos.
The acquisition of Flyinge Plantshop is a step in Plantagen’s work to acquire locally and regionally attractive garden centres which, with genuine professional know-how and an attractive range, appeal to both private and corporate customers in the private and public sectors.
“Our vision is to be the Nordic region’s loveliest greenhouse. This entails offering inspiration, expertise and tools to succeed in a growing life. Our focus has been weighted toward private customers and going forward, we will increase our efforts to offer corporate customers and public administrations products and services. Over the past century, the Seger family has created a first-rate company and now we are looking forward to continuing to develop the business together,” says Nina Jönsson, CEO of Plantagen.
The former owner of Flyinge Plantshop for four generations, the Seger family, will remain a driving force in the business at Flyinge. Flyinge Plantshop will continue to operate under its own brand. Closing will take place on 1 March 2022.
For further information:
Anders Slettengren, Chairman of the Board of Plantagen and President Business Area Consumer, Ratos +46 72 589 89 00
Nina Jönsson, CEO, Plantagen, +46 72 077 44 20
Josefine Uppling, VP Communication, Ratos, +46 76 114 54 21
Ratos is a business group consisting of 13 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2021, the companies have approximately SEK 35 billion in sales. Our business concept is to develop companies headquartered in the Nordics that are or can become market leaders. We enable independent companies to excel by being part of something larger. People, leadership, culture and values are key focus areas for Ratos. Everything we do is based on Ratos’s core values: Simplicity, Speed in Execution and It’s All About People.