Earlier in February, Pivot Fund I (E) AB (”Pivot”) announced its first investment, the acquisition of ImseVimse. Pivot now takes the next step in building a front-running group within baby- and hygiene products through the acquisition of Esska, a leading manufacturer of baby products, such as pacifiers, bottles, teats, bibs and cups.
Esska, based in Lidköping, holds a long and solid tradition of producing and distributing products for babies. The company was founded in 1904 and Esska is today one of Sweden’s the leading providers of baby products, such as pacifiers, bottles, teats, bibs and cups. The products are sold through FMCG- and specialty retailers as well as online – under the brand Esska as well as private-labeled. The company has its headquarters and production of pacifiers in Lidköping.
“Esska is a Swedish gem which many of us, in one way or another, holds a relationship to. We are tremendously proud and happy to have the opportunity to, with Fredrik and all the employees at Esska, establish the company as a leading innovator of baby products and placing the company on an international map. Esska’s own production of pacifiers in Lidköping is unique and something we will fully support in the future. We aim at building a leading group within baby- and hygiene products, with Esska and ImseVimse as a starting point, and we are actively seeking further acquisitions “, says Karl-Erik Dexner, Partner at Pivot Partners AB.
”We are tremendously happy and enthusiastic about having Pivot as a new owner of Esska. We now have further power, embodied by competence, network and resources to continue to take the company to a new level. This creates enormous opportunities for our customers, suppliers and employees “, comments Fredrik Fischerström, CEO of Esska.
The terms of the deal are not disclosed. For further information, please contact:
|Karl-Erik Dexner, Partner, Pivot Partners AB
+46 (0)70 290 38 40
|Fredrik Fischerström, VD, Esska
+46 (0)70 368 24 87
Esska is proud of its long tradition as a producer of baby products. The company was founded in 1904, importing health care products, which later came to include baby products. In the 50s, Esska initiated production of its own in Eskilstuna and in 1966 operations were moved to Lidköping, where production remains today. Today Esska is a leading company within products such as pacifiers, bottles, teats, bibs and cups. For more information please visit www.esska.nu.
Pivot is a Swedish private equity-fund, investing in- and developing qualitative, high-potential companies in the Nordics, with a focus on development and growth initiatives. We invest capital and engagement – lots of engagement. We support our investments with experiences, processes and networks to instill new energy and capabilities to develop and capitalize on dormant opportunities through Innovation. We like local companies. The explanation is simple; Less Talk – more action. We believe in retaining the local footprint, whilst growing the business on a global scale – strengthening the region by creating job opportunities. For more information, visit www.pivot.se.