Lifco has signed an agreement to acquire all of the shares in The Real Spirit of Coffee Ltd. The company is a supplier of high-end coffee machines and consumables, mainly for the British market. The products are sold under the Rijo42 brand.
The Real Spirit of Coffee reported net sales of approximately GBP 24 million in 2022 and has 66 employees. The company is based in Bolton, UK. The Real Spirit of Coffee will be consolidated in Business Area Systems Solutions, division Service and Distribution. Consolidation is expected to take place in the second quarter of 2023.
The acquisition will not have any significant effect on Lifco’s earnings or financial position in current financial year.
Please visit www.rijo42.co.uk for more information.
For more information please contact:
CEO and President Lifco
Media and investor relations manager
Phone +46 730 244 872, e-mail firstname.lastname@example.org
Lifco offers a safe haven for small and medium-sized businesses. Lifco’s business concept is to acquire and develop market-leading niche businesses with the potential to deliver sustainable earnings growth and robust cash flows. Lifco is guided by a clear philosophy centred on long-term growth, a focus on profitability and a strongly decentralised organisation. The Group has three business areas: Dental, Demolition & Tools and Systems Solutions. At year-end, the Lifco Group consisted of 211 operating companies in 30 countries. In 2022, Lifco reported EBITA of SEK 4.7 billion on net sales of SEK 21.6 billion. The EBITA margin was 21.6 per cent. Read more at www.lifco.se.