Extract from Family-Owned Watchlist

The below story was originally featured in our Weekly Family-Owned Watchlist update - a part of M&A Insights. Selected stories, including this one, are posted to our website with a few weeks of delay.
Coffee roastery Löfbergs hires Fredrik Nilsson as acting CEO
September 25, 2020
182,978
Revenue (EUR 000')
4,178.4
EBITDA (EUR 000')
1.3%
3Y Sales CAGR
Sweden
Country
Food & Beverages
Industry
Jan Mikael Löfberg
Key Shareholder ("KS")
60
Age of KS (estm.)
Ownership and Board of Directors
Next generation's role
Löfbergs, one of the largest family-owned coffee roasters in the Nordics, has appointed Fredrik Nilsson (46y) as new acting CEO. Nilsson, which is the CFO of Löfbergs, will take on the CEO role temporarily, while the company looks to hire a new permanent CEO. Löfbergs has grown at a sales CAGR of 1.3% and is mainly owned by Jan Mikael Löfberg (60%, 41y). Löfbergs has roasting houses in Sweden, Norway, Denmark, and Latvia.
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