HOW ROWICO AND BITC RESTRUCTURED THEIR OPERATIONS
On August 21st, the two furniture wholesalers, Trading Company Rowico AB and bitc MÖBEL AB, combined their operations. In a market in flux and following a recession, the owners of the companies jointly realized the strength of a merger. Below you can read the parties’ views expressed once the deal was finalized.
Facts about the companies: Bitc MÖBEL AB is a furniture wholesaler that had returned revenues of 326 million SEK for the preceding fiscal year. The company was appointed as a Gazelle Company by Dagens Industri four years in a row and Super Gazell by Veckans Affärer. The main office is in Bjärnum with 42 employees. Trading Company Rowico AB is a furniture wholesaler that had returned revenues of 142 million SEK for the preceding fiscal year. The company has its head office in Halmstad with a total of 40 employees.
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