Smedbo Invest AB acquires Scandtap AB

Smedbo Group has acquired Scandtap, a growing premium brand that specializes in stainless steel mixers and accessories in the premium segment for the bathroom and kitchen. With a focus on quality and design, the company has established a strong presence in the Nordic market.

<em>Published on 12:00 CET 2024-04-09.</em>

”<em>I’m pleased to welcome Scandtap to the Smedbo Group. This acquisition contributes to our strategy of strengthening our position in northern Europe through adding complementary premium products to better service our customers with a broad and attractive offering. Scandtap will be an integral part of our continued growth journey</em>”, says Dragan Spasic, CEO of Smedbo Group.

“<em>I greatly look forward to the partnership between Scandtap and Smedbo Group to generate long-term expanding business. Smedbo Group maintains an energetic organization with a successful presence in the northern European interior market, and I see massive potential in working side by side to create value for all stakeholders involved</em>”, says Ola Andrée, founder and CEO of Scandtap.

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<h3>For more information, please contact</h3>
Dragan Spasic, CEO, tel. no: +46 70 557 93 23.

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<h3>About Smedbo Group</h3>
Smedbo Group is a leading provider of premium accessory products for the bathroom, kitchen and hallway, including towel hangers, makeup mirrors, knobs, door handles, and much more. The company’s products are sold under the brands Smedbo and Beslagsboden. Founded in 1967, the company has built an attractive offering over multiple decades, serving clients across 10+ countries in DIY stores, specialist stores, eCommerce and the project/construction market.

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<h3>About Scandtap</h3>
Founded in 2015, Scandtap has quickly grown as a leading brand in the Nordics for stainless steel mixers in the bathroom and kitchen. Positioned in the premium segment, the Scandtap brand emphasizes quality and strong consistent product design that is both conscious of trends and timeless. Offering a range of mixers and matching accessories in stainless steel, Scandtap reaches customers through channels such as tile stores, architect studios, premium retailers, and plumbing specialists.

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