On January 1, 2012 our European projection screen manufacturing subsidiary, Draper Europe AB, acquired the manufacturing operations of Tvaakersmarkisen AB, one of the largest awning manufacturers in Sweden. For the past 11 months Draper Europe has operated in two different locations, manufacturing projection screens at its headquarters in Halmstad, Sweden, and awnings, venetian blinds and window shades at TM’s former facility 30 miles away.
During the fourth quarter Draper Europe has consolidated both operations in a new expanded facility in Halmstad. It has been a huge job, but will enable Draper Europe to streamline all production and will provide badly needed room for future expansion of all product lines.
Congratulations to Managing Director Goran Peterson and the entire Draper Europe staff for a job well done!