The Finnish Purso Oy Group expanded its market position in Central Europe with the acquisition of Dutch company Nedal Aluminium. Without disclosing the transaction price, the company said this was its largest transaction in history and would allow it to double its production capacity.
Purso is acquiring the subsidiary Nedal Aluminium from the Dutch company Hunter Douglas. Nedal Aluminium manufactures large aluminium profiles at its production plant in Utrecht, in the Netherlands.
Employing around 200 people, Nedal Aluminium’s 2017 turnover amounted to roughly €75 million. The production facility in Utrecht includes three extrusion lines used for fabricating large and heavy profiles. The firm also produces aluminium lighting columns.
Jussi Aro, CEO of Purso Oy, said:
“The transaction brings together the expertise of two traditional aluminium processors when Purso, 60 years, initiates a partnership with the 80-year-old Nedal. Besides doubling our production capacity, this transaction helps us strengthen and expand our market reach significantly towards Central Europe in accordance with our strategy.”
Marcel Veldman, Managing Director of Nedal Aluminium, added:
“Changing ownership only for the 2nd time in its rich 80 years of history this is a major change to all involved. The search for a new shareholder was a very challenging process, but worth it. The engagement with Purso feels like a warm welcome and has all elements to continue growing both companies into the future.”
Purso Group expands and strengthens its market position in Europe
by acquiring the Dutch company Nedal Aluminium. Click on the link below for the press release.https://t.co/0yEdDztRHm#nedal #extrusion #lightingcolumns #80yearsinspecialistsinaluminium #purso pic.twitter.com/a6KyjAKqsK— Nedal Aluminium B.V. (@nedalaluminium) January 7, 2019
Nedal Aluminium will continue operating as a separate, independent company in the Purso Group, meaning that no Finnish production will be moved to the Netherlands.
Purso has been operating as an anodising plant for aluminium profiles since 1959, while Purso Oy and its first extrusion line date back to 1974. The group’s total turnover in 2018 exceeded €90 million.