Axcel acquires 55% of Ball Group, fashion clothing company
19 Dec '06
3 min read
“Also, Ball Group's management team is very competent, and the organization is strongly founded,” Christian Frigast continues. “The Company successfully operates both wholesale and retail activities and combines strong brands with well-run franchise and own shops. This has convinced us that Ball Group has a significant growth potential, also via international expansion.”
The divesture of shares to Axcel is a natural part of the company's development and should be seen as the first step towards a gradual generational change. Founder of Ball Group, Peter Nissen, says: “Ball Group is well underway with our Nordic expansion plans, and we are also beginning to look South of the Danish border. In order to be able to lift this, we need new strengths, additional capital and not least a professional board and sparring on a daily basis.”
“Axcel has previously demonstrated that they are able to develop companies from a local to and international position. I am therefore convinced that Axcel will contribute substantially to Ball Group's further journey, and I am very pleased that Axcel has come on board as co-owner of our company.”
marketing@alchempro.com
