After a hardworking month the reconstruction has been finalized and the reformed Elmo Leather has been up running since January 13, 2009. The outlook for 2009 for the European tanning industry remains tough and, therefore, it is a big advantage for Elmo Leather AB to start the New Year with stable finances and a cost structure adapted to present market situation.
As a part of the reconstruction the ownership of the company has changed. The two former owners Nalle Johansson, CEO, and Anders Bengtsson, CFO, remain as shareholders. Anders Johansson, VP production and Thomas Gregor, VP sales & marketing, are new shareholders. The employees and the management of Elmo Leather are highly motivated and are looking forward to maintaining the supply of high quality leather to customers. Elmo Leather AB say they are well prepared to manage the challenges ahead and to secure long-term business with their customers in a professional way.
