Ruukki shows its mettle in bold bid for Metalplast
Rautaruukki is purchasing a 50 percent shareholding in the company from a private investor group and already owns 16.6 percent of Metalplast, which it acquired during the privatization of the company in 1995. The deal is subject to approval from the authorities. Rautaruukki has also offered to buy the state's 31 percent holding.
Metalplast is Poland's leading manufacturer of metal-based construction panels, and its products should complement Ruukki's range of building products and systems.
Metalplast had estimated net sales in 2004 of €65 (zł.264.3) million and had 685 employees at the end of 2004.
Ruukki Construction's goal is to strengthen its position in the Central Eastern European market. "Metalplast helps us meet these goals. The company acquisition boosts our presence and strengthens our delivery and service capabilities in a strategically important market area. It gives a particular boost in the growth areas in commercial construction, which are commercial and logistics construction, airport construction and industrial construction," says Lauri Rautala, president of Ruukki Construction. (Reuters)
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Metalplast is Poland's leading manufacturer of metal-based construction panels, and its products should complement Ruukki's range of building products and systems.
Metalplast had estimated net sales in 2004 of €65 (zł.264.3) million and had 685 employees at the end of 2004.
Ruukki Construction's goal is to strengthen its position in the Central Eastern European market. "Metalplast helps us meet these goals. The company acquisition boosts our presence and strengthens our delivery and service capabilities in a strategically important market area. It gives a particular boost in the growth areas in commercial construction, which are commercial and logistics construction, airport construction and industrial construction," says Lauri Rautala, president of Ruukki Construction. (Reuters)
L.M.
