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One of the leading office chair manufacturers in Europe

Flokk

Flokk was acquired by Triton Fund IV in October 2014

Flokk is one of the leading office chair manufacturers in Europe. The company was founded in 2007 when three Nordic office seating producers HÅG in Norway, RH in Sweden and RBM in Denmark merged. Flokk is the only international firm to specialize in the production of individual office and larger environment seating. It has a track record of over 40 years in the development of ergonomic seating solutions with excellent recognition of its HÅG brand. Flokk distributes through an independent network of distribution partners in 15 countries.

Headquartered in Olso, Norway, Flokk has assembly plants in Røros, Norway and Nässjö, Sweden.

The company strives to minimize its environmental impact by actively trying to achieve a low carbon footprint, using no toxic chemical, as well as reducing its use of non-renewable resources. The HÅG Capisco, one of the companies leading ergonomic office swivel chairs, is the only work chair in the world to bear the Swan Nordic eco-label.

Triton had followed Flokk, then known as Scandinavian Business Seating, since 2012 following the recruitment of one of the Company's founders and Board member from Ratos. Recognizing the company's strong market position, a potential market rebound and various value creation measures, Triton participated in a limited M&A auction in the summer of 2014. Triton's understanding of the sector's macro dynamics and the measures needed to take the Company forward, as well as the Firm's geographical reach were key in winning the deal. Triton acquired Flokk in October 2014.

Key events since Triton's investment:

  • Flokk acquired BMA Ergonomics, a leading producer of swivel chairs marketed under the Axia brand in the Benelux region (2015)
  • Flokk acquired Malmstolen, a Swedish producer of ergonomic swivel chairs marketed under the Malmstolen brand (2016)
  • Flokk acquired OFFECCT, a Swedish producer of lounge and soft seating furniture for the modern meeting place (2017)
  • Completed a rebranding to Flokk to better communicate its common strengths: deep design thinking; cross-functional teams working to create beautiful and functional furniture; human centered approach; sustainability; and furniture for all environments (2017)

Press releases

28 Feb 2018 Flokk Group signs agreement to acquire Profim
14 Jul 2017 Flokk acquires Giroflex, the Swiss market leader in swivel chairs
19 Jun 2017 Leading seating manufacturer Scandinavian Business Seating promises furniture perfection under new house of brands: Flokk
08 May 2017 Scandinavian Business Seating signed agreement to acquire Offecct
14 Dec 2016 Scandinavian Business Seating signed agreement to acquire Malmstolen

Country:
Norway

Fund:
Triton IV

Acquisition date:
October 2014

Sector:
Consumer / Health

Sales:
€185 million (2017)

Number of employees:
549 (2017)

Board of directors:
Sven Gunnar Schough (Chairman)
Thomas Hofvenstam
Pernille Stafford Bugg
Joachim Espen (Observer)

Company website:
www.flokk.com

Contact:
Thomas Hofvenstam

Management:
Lars Røiri (CEO)
Eirik Kronkvist (CFO)

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