Embellence Group acquires US company Artscape, Inc.

Embellence Group, a leading European player in the premium interior design market, has acquired the US company, Artscape Inc. Through this acquisition, Embellence Group is expanding its operations to include exclusive pattern-based window film (“artwork for windows”).

Press release

JCE acquires 10.5 per cent of the shares and votes in Embellence Group

Embellence Group AB (publ) (“Embellence”) has been informed that JCE Asset Management AB (“JCE”) has entered into an agreement with Embellence’s largest shareholder, Litorina Coinvest 1 AB (“Litorina”), to acquire 2,247,000 shares in Embellence from Litorina, equivalent to 10.5 per cent of the shares and votes in Embellence.

Press release

Embellence Group invests in Pappelina’s continued growth

As part of the Pappelina brand’s continued international expansion, the assets of Dalaslöjden AB, which has manufactured Pappelina’s rugs since 1999, have been acquired. The asset acquisition pertains to both of Dalaslöjden’s production facilities, one in Leksand, Sweden, and one in Estonia, including inventories. All employees – about 30 people – will be offered continued employment.