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Europe | Markets | News | Projectors/Screens
January 14, 2022

Draper Sells Off Its European Subsidiary Draper Europe

Draper Europe subsidiary sold to members of current management team. Sweden-based company will continue to use Draper name in 2022.
Jason Knott  
Draper Sells Off Its European Subsidiary Draper Europe

Spiceland, Ind.-based Draper has sold Draper Europe in Sweden, which it has owned since 2002.

Article:
Europe | Markets | News | Projectors/Screens
January 14, 2022

Draper Sells Off Its European Subsidiary Draper Europe

On January 1, 2022, Draper, Inc. sold its subsidiary company, Draper Europe AB, located in Halmstad, Sweden, to members of the current management team. Draper purchased Bjurab AB (now Draper Europe) in October 2002.  At that time Bjurab was a manufacturer of projection screens with sales throughout Europe.  During the19 years that Draper owned the company, Draper Europe grew significantly, and diversified its product to include awnings and window coverings. 

“Although it was a difficult decision, we feel that selling Draper Europe was a good choice for both companies.” says Draper President Chris Broome. “Local ownership will benefit Draper Europe, and they are well-positioned for continued success. This transition will also create new opportunities for Draper to invest in our Spiceland, Indiana manufacturing operations.” 

Based in Halmstad, Sweden since 1981, Draper Europe manufactures projection screens under the brand name “Euroscreen.” In 2012, the company diversified into the awning and shades market. Since then, the total turnover has more than doubled, and awning/shades business turnover has grown more than 5x. Draper Europe AB will continue to operate under the Draper brand in 2022, under the ownership and guidance of managing director Tomas Andersson and Falkess AB.


Related: Draper Dealers Made in the Shade on Residential & Commercial Projects

“During the 25 years I’ve worked within the company, we have had an incredible journey,” says Andersson. “Under the ownership and guidance from Draper we have had stable growth over the years and diversified into the Nordic awnings and shades markets during 2012. With this background and with the acquisition into local ownership we will continue to develop and grow our position.”

“Draper Europe is well-positioned and ready for the next step in its development,” says Ingemar Esbjörnsson, Falkess AB. “We are very grateful for a successful 19 years under the management of Draper.”

Measuring Supply Chain Impacts on Home Entertainment

The home entertainment category is especially susceptible to the supply chain crisis because there are so many individual components required. Despite that ongoing problem, the once-forgotten “home theater” category continued its strong comeback in 2021 likely driven by the ongoing house-bound public due to the COVID-19 pandemic. Download your copy today!

Family-owned and -operated Draper was founded in 1902 by Luther O. Draper and is owned and managed by his descendants. With locations in the United States, Sweden and United Kingdom, the company ships products to dealers throughout the United States and more than 100 countries.

ABOUT THE AUTHOR

Jason Knott
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Jason Knott:
Jason Knott is Chief Content Officer for Emerald's Connected Brands. Jason has covered low-voltage electronics as an editor since 1990, serving as editor and publisher of Security Sales & Integration. He joined CE Pro in 2000 and serves as Editor-in-Chief of that brand. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He has been a member of the CEDIA Business Working Group since 2010. Jason graduated from the University of Southern California.
View Jason Knott's complete profile

ARTICLE TOPICS

Europe • Markets • News • Projectors/Screens

ARTICLE TAGS

Draper • Mergers and Acquisitions • Screens

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