“Acquisition of Sveico creates plenty of opportunities both in Finland and Sweden as well as in the other Nordic countries. We have practically no overlapping products and the brands of the both companies are well known”, comments Kari Kallonen, CEO of Orthex.
“Year 2009 was the best year ever for Orthex both in terms of revenue and profitability. We have a strong and determined strategy in place which will now start to become visible to the customers of Orthex and Sveico”, says Martin Grotenfelt, Partner at Intera and a Board Member of Orthex.
Oy Orthex Ab is a Finnish producer and marketer of household plastic products. Orthex’s products are versatile and affordable every-day household items. The company was established in 1956 in its current premises in Lohja, Finland. During the years, Orthex has grown from a small workshop to the largest producer of household plastic products in Finland. Orthex’s revenue in 2009 amounted to approx. EUR 12.5m.
Sveico AB was founded in 1914 and is currently one of the leading producers of kitchen utensils in the Nordic region. Sveico’s products are sold in almost all the major central chains and discount stores in Sweden, Norway, Denmark and Finland. The company has three familiar consumer brands: Sveico, GastroMax and Kökskungen. Sveico has operations in Gnosjö and Vesterås, Sweden.Back to transactions