Segulah sells Isaberg Rapid

Swedish buyout house Segulah is to sell Isaberg Rapid, a stapling business, to US office products giant Esselte.

The deal brings to an end an investment which started in January 2007 when Segulah acquired the Hestra, Sweden-headquartered business from investment firm AB Industrivärden.

Rapid develops, manufactures and markets office staplers, stapling tools and built-in staplers for copiers.