Stiga Sport adds Staffan Persson as investor in the company.

Stiga Sport, an Eskilstuna, Sweden-based supplier and manufacturer of table tennis products and play equipment, announced getting into an agreement for adding Nortal Investment as shareholder in the company.

Nortal Investment, a subsidiary of Swedia Capital, managed by Staffan Persson and his son Fredrik Persson, purchased the equity position from American Escalade, which has been a partner in Stiga for 23 years and half-owner since 2003. The financial details of the deal remain undisclosed.

Stiga Sports, founded in 1944 and led by CEO Andreas Zandrén, started its production of table tennis products and is today established as one of the world's largest brands of table tennis. The company also offers a wide range of outdoor and indoor sports items with classics like Snowracer and the Play Off table rack game.

In 2017, Stiga was profitable and recorded sales of about SEK 400M ($45M), an increase from SEK 300M in the previous year.