I considered that they were importers, as much of their stuff has a decidedly Scandi bent, but dismissed it on grounds of parsimony - the additional colours used for the Cascade Gulvvaser appear nowhere else in Holmegaard's palatte, and Holmegaard was a fairly big name so why buy it in and rebrand it with something obscure? Other importers of Holmegaard from the period plastered the factory name all over their adverts.