Nordec’s Oulu production facility sold as of 30th April 2021

The Finnish Competition and Consumer Authority conditionally approved the acquisition of Ruukki Building Systems Oy by Donges Teräs Oy on 17th of April 2020. As a prerequisite for the approval of the acquisition, Donges Teräs Oy undertook responsibility to sell Oulu production facility from Normek Oy belonging to Donges Group to a third party that has the prerequisites for maintaining and developing its business. The divested part of the business is able to operate as an independent entity and carry out the total deliveries of different types of steel bridge structures and industrial structures.

The sale of the Oulu production facility has been finalized as of 30th of April 2021 to a business cooperative including Steel Group Pohjanmaa Oy with its owners Andament Group Oy and Sah-Ko Oy. Employees of the Oulu production facility will continue with the new owner with their current employment terms.

Details of the agreement nor purchase price of the business transaction will not be disclosed. ​​​

 

For further information of the transaction please contact CEO Kalle Luoto, kalle.luoto@nordec.com

 

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