The steel mill in Lesjofors was in trouble. The factory had existed for hundreds of years, its history started in 1642. The small town Lesjofors had grown around it, with over half the population employed at the mill. The De Geer-family had run the mill since the Baron Gerhard De Geer bought it 1922. Now the market was folding, Lars De Geer left the leadership to his son - lay-offs and downsizing followed.
A couple of years later the company went bancrupt.