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ScanCom pulls the plug
Outdoor furniture specialist to cease operations
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For more than three decades, ScanCom International was a familiar name in the global outdoor furniture business. Now it’s over. The Danish company has decided to shut down its operations. After several difficult years and with the market outlook still challenging, management concluded that continuing the business was no longer viable.
ScanCom designed and supplied outdoor furniture for the international B2B market, with its main production hub located in Vietnam. From there, millions of furniture pieces were shipped to customers around the world over the years. But the market environment has changed significantly since the pandemic. Demand evolved differently than expected, while cost pressure continued to rise.
Over the past two years, the company attempted a major turnaround. Management was restructured, external consultants were brought in and efforts were made to stabilize the business. The hoped-for turnaround, however, never materialized. According to the company, neither the development of revenues nor the overall outlook provided sufficient confidence in a profitable future.
The focus now shifts to a controlled wind-down. Priority will be given to completing existing customer orders and closing down the remaining business activities in an orderly way – particularly in Vietnam, but also at other locations worldwide.
Handling the situation of employees will also play a central role. Chairman Peter Andsager emphasized: “We want to ensure a proper and decent transition for our dedicated employees.” The company says it is working with relevant authorities and unions to manage the process as smoothly as possible for staff while also honoring commitments to customers and partners.
ScanCom was founded in 1995 in Korsør, Denmark, and developed into a globally operating supplier with production and commercial activities in several countries, including Vietnam, Brazil, Indonesia, Germany, the UK and Spain. Since 2019, the company has been fully owned by the Lars Larsen Group, which had previously held a minority stake for more than a decade.
With ScanCom’s closure, another established player disappears from the outdoor furniture segment – a market that has come under increasing pressure following the boom during the pandemic years.
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For more than three decades, ScanCom International was a familiar name in the global outdoor furniture business. Now it’s over. The Danish company has decided to shut down its operations. After several difficult years and with the market outlook still challenging, management concluded that continuing the business was no longer viable.
ScanCom designed and supplied outdoor furniture for the international B2B market, with its main production hub located in Vietnam. From there, millions of furniture pieces were shipped to customers around the world over the years. But the market environment has changed significantly since the pandemic. Demand evolved differently than expected, while cost pressure continued to rise.
Over the past two years, the company attempted a major turnaround. Management was restructured, external consultants were brought in and efforts were made to stabilize the business. The hoped-for turnaround, however, never materialized. According to the company, neither the development of revenues nor the overall outlook provided sufficient confidence in a profitable future.
The focus now shifts to a controlled wind-down. Priority will be given to completing existing customer orders and closing down the remaining business activities in an orderly way – particularly in Vietnam, but also at other locations worldwide.
Handling the situation of employees will also play a central role. Chairman Peter Andsager emphasized: “We want to ensure a proper and decent transition for our dedicated employees.” The company says it is working with relevant authorities and unions to manage the process as smoothly as possible for staff while also honoring commitments to customers and partners.
ScanCom was founded in 1995 in Korsør, Denmark, and developed into a globally operating supplier with production and commercial activities in several countries, including Vietnam, Brazil, Indonesia, Germany, the UK and Spain. Since 2019, the company has been fully owned by the Lars Larsen Group, which had previously held a minority stake for more than a decade.
With ScanCom’s closure, another established player disappears from the outdoor furniture segment – a market that has come under increasing pressure following the boom during the pandemic years.