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Draper announces sale of its European subsidiary

Subsidiary company, Draper Europe AB, sold to members of Draper's current management team

Effective January 1, Draper Inc sold its subsidiary company, Draper Europe AB, located in Halmstad, Sweden, to members of its 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 the nineteen years that Draper owned the company, Draper Europe has grown significantly, and has diversified their 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”, said 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.”

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.

“During the 25 years I’ve worked within the company, we have had an incredible journey,” said 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.”