Nordic Room Improvement (”NRI”) continues its expansion. Through the acquisition of KGC Verktyg & Maskiner AB (”KGC”), NRI broadens its product offering to professional craftsmen with tools and accessories for tiling and bricklaying.
KGC, founded in 1950, is Sweden’s leading supplier of professional tools for tiling and bricklaying. KGC offers a wide selection of high quality hand tools, water-cooled saws, drilling equipment etc, as well as accessories like tile moldings and building boards to tilers and plasterers. A large part of the product offering is proprietary and is sold under its own brand. The company also represents leading European manufacturers on the Scandinavian market.
KGC has 23 employees with its head office located in Älvsjö outside Stockholm. The company has approximately 2,300 products in its offering and the turnover for 2015 is just above SEK 80m.