Our History
Garpco was founded in Jönköping, Sweden, in 1984 by Leif Garpheden and was run primarily as a consulting company in business management and development the first twelve years. Polyurethane manufacturer UW-ELAST AB, still today within the company group, was acquired in 1996 and became the start of Garpco’s journey as a pronounced holding company.
Between 1996 and 1998, through subsidiary Garpco Energikomfort AB, Garpco was one of IVT’s major resellers of heat pumps in Sweden. In connection with the divestment of Garpco Energikomfort in 1998, to one of its partners, Garpco acquired saw blade manufacturer Swedex AB, like UW-ELAST still within the company group.
With UW-ELAST and Swedex in the company group, laid was the foundation of what was to become Garpco’s three distinct business areas: UW-ELAST in Industrial Components in Polymer Materials and Swedex in Industrial Tools. The third area—Interior Design and Furnishings—came into existence in 2007 through the acquisition of Glimakra of Sweden AB, manufacturer of customised subsystems for public interior design. Glimakra of Sweden is still today within the company group.
Today, Garpco is the parent company of a company group creating growth through further development of its subsidiaries as well as through acquisitions of small and medium-sized companies within business areas Industrial Tools, Industrial Components in Polymer Materials, and Interior Design and Furnishings. A long-term approach to its business activities is and has been a corner-stone of Garpco’s business concept.
Garpco History Timeline
(A more comprehensive timeline can be found on our Swedish website.)
1984
Garpco Konsult AB is founded in Jönköping, Sweden.
1990
Garpco Konsult AB changes name to Garpco AB.
1996
Garpco Energikomfort AB is started up by Garpco AB as a reseller of IVT heat pumps.
Acquisition of UW-ELAST AB, and the start of business area Industrial Components in Polymer Materials.
1998
Divestment of Garpco Energikomfort.
Acquisition of Swedex AB, and the start of business area Industrial Tools.
2000
UW-ELAST acquires Industripolyuretan AB (IPAB).
2002
UW-ELAST acquires Jiloplast AB.
2003
Swedex Ltd is started up, with Swedex AB as partner, as a reseller in the UK of Swedex’s products.
2004
Jiloplast is divested.
UW-ELAST acquires Interpur AB and Gu-No Rubber AB. IPAB takes over business operations from Interpur and Gu-No Rubber is incorporated into UW-ELAST.
2007
UW-ELAST takes over business operations and personell from IPAB.
UW-ELAST acquires Trekollán AB.
Acquisition of Glimakra Akvamatik AB (to be Glimakra of Sweden AB), and the start of business area Interior Design and Furnishings.
2008
Garpco’s Class B-share is traded for the first time.
Swedex acquires Vistträsk Slipservice AB.
2009
UW-ELAST takes over business operations and personell from Trekollán.
2010
Swedex acquires Diamantprofil AB.
2011
Acquisition of Awal AB and its subsidiary Awal Display AB to business area Interior Design and Furnishings.
2012
UW-ELAST acquires Gotlands Gummifabrik (GGF) AB.
Divestment of Vistträsk Slipservice.
Glimakra of Sweden acquires product area Wallsystems.
2013
UW-ELAST acquires Connys Industri och Formverktygsservice AB (CIFAB).
2016
Swedex takes over business operations and personell from Diamantprofil.
Glimakra of Sweden acquires Fanérami Sweden AB and incorporates it into its current operations.
2017
UW-ELAST acquires TMRubber Sp. z o.o.
UW-ELAST acquires Polyteknik i Mariestad AB.
Swedex acquires Strand Verktyg AB.
2018
UW-ELAST takes over business operations and personell from Polyteknik.
2019
UW-ELAST moves its production in Töreboda to its main facilities in Mariestad.
Glimakra of Sweden acquires TreCe AB, but the company will still be run as separate company.
The business operations of Awal Display are divested and the company is renamed to Garpco Innovations AB, which will focus on product development.
2020
Swedex moves its production in Tyresö to Skogås.
Glimakra of Sweden acquires furniture brand Alnäs, and the business operations will be run separately through subsidiary Alnäs Interiör AB.
2021
UW-ELAST acquires LoxiTec AB.
Swedex divests its shares in Swedex Ltd, but Swedex Ltd will continue selling Swedex’s products.
Glimakra of Sweden starts up product area WallRibbon.
2022
UW-ELAST takes over business operations and personell from LoxiTec.
UW-ELAST acquires Sonoform AB.
Glimakra of Sweden acquires Qbena AB.
2023
UW-ELAST acquires Vollsjö Industri AB and incorporates it into its current operations.
UW-ELAST acquires Roflex AB and incorporates it into its current operations.
Glimakra of Sweden establishes subsidiaries in UK and USA to expand exports together with TreCe.
2024
Stock market listing! 🔔🎉 On Tuesday, May 7th, Garpco’s management and board of directors rang the stock market bell, indicating the start of Garpco as a listed company, on NGM Nordic SME.
Swedex acquires CA Precision Tools AB.
Glimakra of Sweden acquires the brand Oscarssons Möbel.