February 24, 2011 - Assignment

HESTRA-Handsken acquires stake in Zhejiang Pinghu Huashen Leather

HESTRA-Handsken has acquired 50 per cent of Zhejiang Pinghu Huashen Leather Company and formed a joint venture with the remaining owner to continue the co-operation between the companies that is over 25 years old.

HESTRA-Handsken has subsidiaries in Sweden, Hong Kong and the United States, as well as agents, distributors and retailers in over 20 countries. HESTRA, one of the group’s trademarks, is a leading international glove brand in the skiing, outdoor recreation and leisure market.

Hestra was advised by Mannheimer Swartling on the transaction. The firm’s team was led by Ulf Ohrling, primarily assisted by Annika Edmén, Catherine Wang, Queenie Chen and Grace Yuan.