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January 15, 2002

SWEDEN: Leisurewear Group New Wave Acquires Frantextil

Swedish leisurewear company New Wave Group AB has acquired all the shares in textile distributor Frantextil AB and its subsidiary Dahlin & Johansson AB. D&J supplies textiles to distributors in Sweden, Norway and Finland. The company, which is headquartered in Boras and has 13 employees, complements New Wave's business profile. In 2001, D&J recorded a turnover of MSEK 58.

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