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Successful reconstruction for leading Swedish bed manufacturer

The reconstruction of Kungsängen, a leading Swedish bed manufacturer, has reached its conclusion, marking a significant milestone for the company. Lars-Henrik Andersson from Cirio Advokatbyrå, appointed as the reconstructor, confirms the approval of the reconstruction plan by the Attunda District Court last week. With legal force expected in two weeks, Kungsängen is poised for a fresh start.

CEO Peter Gustafsson expresses his optimism for the company's future following the uplifting news, affirming that Kungsängen is now on stable ground post-reconstruction. The approved plan, a result of rigorous efforts and strategic restructuring, sets the stage for a new chapter in the company's journey.

Photo: Kungsängen.

As part of the reconstruction efforts, the company implemented cost-saving measures and strategic realignments to streamline operations and enhance efficiency. The concerted efforts have positioned Kungsängen for renewed growth and profitability in the competitive market landscape.

In a pivotal move towards securing the company's future, CEO Peter Gustafsson will acquire a majority stake in Kungsängen, purchasing 75 percent of the company shares from venture capital firm Litorina. With this strategic ownership shift, Kungsängen aims to consolidate its position in the market and drive sustainable profitability.


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