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Europe’s leading kitchen specialist
At the time of exiting, Nobia was the leading manufacturer and retailer of kitchen interior products in Europe. Nobia sold its products directly to consumers and to the construction industry under well-known brands such as Marbodal, HTH, Novart, Norema, Poggenpohl and Magnet.
In September 1996, the IK 1994 Fund acquired Nobia from Stora. A partial exit was completed via an IPO on the Stockholm Exchange in June 2002, followed by a further stake reduction in October 2003. IK finally exited in February 2004, with remaining shares sold to a range of Swedish and international institutional investors.
Our Value Creation Strategy
During our ownership, we worked alongside the management team to:
- Facilitate organisational restructuring and rationalisation;
- Shift focus onto kitchens as a core business activity;
- Strengthen brand recognition; and
- Make strategic add-on acquisitions.