A Long-Term Partnership Was Established
The Nordgren family founded Nefab in 1949 and was until 2007 the majority owner of the company. During the period from 1996 to 2007, the company was listed on the Stockholm Stock Exchange and from 2007 until 2014, the family co-owned Nefab with the investment group Nordic Capital.
In October 2014, the Nordgren/Pihl family once again became the sole owner after buying back Nordic Capital’s shares, while also announcing the intent to find a financially strong co-owner and partner – a partner that would share the family’s long-term focus. – Our goal was to find an ownership structure where we didn’t have to focus on quarterly reports. We wanted to work for long-term, stable growth.We found the perfect partner in FAM, says Ing-Marie Nordgren, daughter of Nefab’s founder, Hans-Elov Nordgren.
FAM is ultimately owned by the three largest Wallenberg Foundations, and in April 2015, FAM joined the Nordgren/Pihl family as co-owners of Nefab on equal terms. Since then, the shared ownership has provided the financial stability and strategic endurance required for Nefab to reach its full potential in a transforming market.
Today, almost ten years along the road, we know that our ownership structure has helped our evolution in more ways than merely financially, it has also proved successful in developing the internal culture and growing an increasingly international mindset. These are all important factors as we continue our growth journey.