Lammhults Design Group to move Ire Möbel ABs production in Tibro to Lammhult

Negotiations have been initiated on moving Ire’s production in Tibro to Lammhults Möbel AB’s production facility in Lammhult. The management, sales and marketing staff and development team that make up Ire Möbel AB will stay in Tibro.

The move will have been completed by the end of June 2016. All 11 employees in production will be invited to join the move.

Consolidation of production to Lammhult, where industrialised furniture craftsmanship has been successfully developed, enables the company to continue to be flexible in its manufacturing in Sweden in response to orders. The measures support Ire’s growth plan – to provide discerning consumers with timeless, sustainable products with a wide range of options, all while maintaining short delivery times. Combined with ongoing restructuring measures at Lammhults Möbel AB’s production facility, the move is expected to give an annual net saving of around SEK 7 million, with full effect in 2017.

Lammhult, 7 October 2015

Lammhults Design Group AB

Fredrik Asplund
President and CEO

Questions will be answered by Fredrik Asplund, President and CEO, tel. +46 (0)70-862 20 38, or Stefan Liljedahl, CFO, tel. +46 (0)76-868 46 88.

This information was submitted for publication at 10.00 a.m. on 7 October 2015.