Draper sells subsidiary company Draper Europe AB

Draper, Inc. has announced that on 1 January 2022, it sold its subsidiary company, Draper Europe AB, to members of its current management team.

The company purchased Bjurab AB (now Draper Europe) in October 2002. At the time, Bjurab was a manufacturer of projection screens with sales throughout Europe and located in Halmstad, Sweden. During the 19 years that Draper owned the company, Draper Europe has grown significantly while diversifying its product range to include awnings and window coverings.

Draper Europe will continue operating under the Draper brand this year, under the ownership and guidance of managing director, Tomas Andersson and Falkess AB.

Draper’s president, Chris Broome said: “Although it was a difficult decision, we feel that selling Draper Europe was a good choice for both companies. 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.”

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