March 12, 2012

Onninen Oy acquires Lämpö-Tukku Oy

In accordance with the contract of sale, signed today on March 12, 2012 Lämpö-Tukku Oy’s share capital and the business operations owned  by its parent company, Eurotermo Holding Oy, which are related to the business operations of Lämpö-Tukku Oy, will be transferred to Onninen Oy. Eurotermo Holding Oy is a 63.3%-owned subsidiary of Panostaja. The transaction still requires approval by the Finnish Competition Authority.
Lämpö-Tukku Oy is an importer and wholesaler of HEPAC products.  The headquarters of the company, founded in 1956, are located in Viikki in Helsinki, and it also has branches in Espoo, Vantaa, Tampere and Seinäjoki. The turnover of Lämpö-Tukku Oy was MEUR 20.5 for the financial period ending October 31,  2011.

Further information:
Senior Vice President Martti Forss, Onninen Finland, tel. +358 400 840 598

Onninen provides comprehensive materials services to contractors, industry, public organizations and technical product retailers.  We are a family-owned company and have operated in the industry since 1913. We have 2,800 employees in our Finnish, Swedish, Norwegian, Polish, Russian and Baltic operations. Our net sales for 2011 totaled EUR 1.5 billion.