Business News

2019-10-03

Hestra, one of the leading retail-business in the Nordic has acquired Ricana Concept. Hestra Inredningar is a private owned business with 140 employees. Hestras strongest part is production in wood, which will well complement our production in metal. Hestra supplies shop fittings to many customers throughout the Nordic region.

”We have held discussions for some time and came to the conclusion that toghether we stand even stronger to meet the opportunities offered by the market” says Johan Petersson, CEO Hestra Inredningar AB.

”At Ricana, we feel that this is a way of mutually developing both companies even more” says Bengt Nyström, CEO
Ricana Concept AB.

Hestra and Ricana will continue to be managed as two separate companies, but with cooperation in several important areas to better meet customer expertations.