Entity Dossier
Company
Tomren Factories
Strategic Concepts & Mechanics
Risk DoctrineRisk-Taker’s Necessary CallousnessRelationship LeverageRelational Business as Expansion EngineCornerstone MoveBuy the Debt, Control the BoardSignature MoveOperational Squeeze for Max ResaleSignature MoveHands-On Cash ControlSignature MoveOpportunistic Asset SwappingOperating PrincipleDeal Before RespectRisk DoctrineSecrecy as Power ShieldIdentity & CultureAct Like You Belong AlreadyIdentity & CultureOutwork and OutwaitCapital StrategyCash Up Before the CrashSignature MoveMajority Means MandateCornerstone MoveTempt Key People, Extract CompaniesCornerstone MoveCross-Table Value Pump
Primary Evidence
"Gjelsten's family was similar to Røkke's. The father, Per Gjelsten, was the manager at Tomren Factories, while the mother was a nurse. They were also working people used to putting in an effort."
Source:Kjell Inge Røkke (translated)
"For Gjelsten, it was especially pleasing that he could revive his father's old workplace, Tomren Factories, which, like much of the Norwegian textile industry, collapsed in the late 70's. GN bought an 80 percent stake in the successor, Tomra Konfeksjon AS, an initiative that was doomed by the local Labor Party newspaper, Romsdal Folkeblad. This had to be a fiasco, the newspaper stated. "In retrospect, it is interesting to note that the factory at least outlived the newspaper," Gjelsten says ironically."
Source:Kjell Inge Røkke (translated)