WallVision expands into designer rugs through the acquisition of Pappelina
WallVision Group, a European leader in the premium wallpaper market, expands into designer rugs through the acquisition of Pappelina - crafted with love and pride in Sweden.
WallVision takes another important step to transform the group into a leader in the premium interior decoration sector with focus on creating strong brands.
After the acquisition, WallVision with its´ House of Brands strategy, now consists of five strong interior design brands: Boråstapeter, Cole & Son, Wall&decò, Mr Perswall and Pappelina. In addition to wallcovering, where the group has its roots, WallVision offers home furniture textile, cushions, and with the acquisition of Pappelina now also rugs. All with amazing design, high quality, and stellar customer service.
With the inclusion of the premium brand Pappelina, WallVision further expands its strong market position and takes another step to become a European leader in interior decoration, and it constitutes a significant opportunity for both parties. Pappelina have shown profitable growth rates since it was founded in 1999. CEO of WallVision Olle Svensk explains:
” I am really excited to have Pappelina in the WallVision Group, it is a brand-driven company with all the ingredients we look for; a premium position, an international foot-print with 80% of the revenue outside Sweden, excellent quality and great people. We see lots of opportunities and look forward to take this brand to the next level together with Lina Rickardsson and her talented team.”
Lina Rickardsson, founder, and Creative Director of Pappelina explains:
"I've always dreamt big for Pappelina. There was no way I could miss such a chance for development and expansion. Pappelina’s vision has always been clear – to be a ground-breaking pioneer in its sector. Today Pappelina is a global brand and yet, Pappelina still makes the rugs in a small local weaving mill, in the little village of Leksand, right in the heart of Sweden. Each Pappelina rug, represents a piece of Swedish craftsmanship.
For further information, please contact:
Olle Svensk, CEO WallVision Group
Tel: +46 768 56 60 93
Lina Rickardsson, Founder and Creative Director Pappelina
Tel: +46 708 17 77 08
WallVision Group, founded in 1905 in Borås Sweden, is a European leader in the premium wallpaper segment and at the forefront internationally with sales in over 60 countries. Our core brands include Cole & Son, Wall&decò, Perswall, Pappelina and Boråstapeter. Our fantastic design teams and our unique pattern archive range from exclusive expressions with a high degree of design to more timeless and classic styles. The Group, including Pappelina, will employ more than 200 people and have annual revenue of more than 60m Euro.