Lindab acquires Finnish roof and wall cladding company
Lindab has today entered into an agreement to acquire Finland's Koto Pelti OY, which produces and sells metal roofing and wall cladding products. The company has a turnover of just over €3 m and is centrally located in Kyyjärvi, Finland, 140 km east of Vaasa and 400 km north of Helsinki.
Koto Pelti offers a locally adapted assortment of roofing and wall cladding in sheet steel for the Finnish market. Local production of market specific products in combination with centrally manufactured products form an important part of Lindab's offering in every important market in Europe. The acquisition creates a platform for the development of sales of complete solutions within the Building Components division to the Finnish construction market.
Peter Andsberg, Business Area Manager for Profile, comments "The goal is for Lindab to become established as one of the leading players in the Finnish market within the segment for sheet steel roofing and wall systems. The acquisition will allow us to offer quick deliveries of specially adapted products directly to the work place. This is an important factor in providing the right service to the end customer".
The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make
public according to the laws for Stock Exchange and Clearing Operations Act and/or the Financial Instruments Trading Act.
Kjell Åkesson, CEO
Tel. +46 (0)431 850 00 / 850 07
Peter Andsberg, Business Area Manager, Profile
Tel. +36 23 531100
Lindab is an international group that develops, manufactures and markets sheet metal products and system solutions for the construction sector.
The two business areas, Profile and Ventilation offer complete solutions for construction systems and indoor climate, as well as individual construction and ventilation components for all types of buildings.
Lindab is listed on the Stockholm Stock Exchange, Nordic Large Cap under the ticker "LIAB".
The Lindab group has approximately 5,000 employees in 30 countries and generated sales of SEK 7,609 million in 2006. Its head office is located in Grevie near Bastad in southwestern Sweden. For more information visit www.lindab.com