STOCKHOLM, Sweden, Nov. 19, 2003 (PRIMEZONE) -- Industrivarden has the intention to sell its wholly owned subsidiary Isaberg Rapid. A process has been initiated with the aim of finding a new owner that will continue the successful development of the company.
Isaberg Rapid is a global manufacturer of office and tool staplers. Products are sold to over 120 countries under the Rapid brand. Europe and North America are the most important markets. Sales amounted to approximately SEK 850 M in 2002 and the company today employ around 1.200 persons. Further information can be found on www.isaberg- rapid.com.
AB INDUSTRIVARDEN (publ)
For further information, please contact: Carl-Olof By, Executive Vice President and CFO of Industrivarden tel. +46-8-666 64 00
AB Industrivarden (publ) Box 5403, SE-114 84 Stockholm, Sweden Phone +46-8-666 64 00, Fax +46-8-661 46 28 Internet: www.industrivarden.net E-mail: info@industrivarden.se
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