SGM Moves Production To Denmark
AARHUS, Denmark — Peter Johansen, who joined RCF Group’s SGM in late 2010 and acquired the Italy-based lighting unit in early 2012, announced that SGM’s production is moving from Italy to Denmark, most likely by the end of 2013. The newly established SGM Manufacturing, a subsidiary to SGM Holding, will operate a 70,000-square-foot facility, with a funding boost from Industri Udvikling, a Danish investment firm that now has a 30 percent stake in the company. SGM also announced the appointment of David P. Meyer (former COO at Velux) as chairman of the board.
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