Finalisation of Ruukki and CapMan's agreement to create Fortaco, Europe's leading manufacturing partner for the engineering industry
(Thomson Reuters ONE) -
Rautaruukki Corporation Stock exchange release 28 December 2012 at 9am EET
Rautaruukki Corporation (Ruukki) and funds managed by CapMan (CapMan) agreed in
October to combine units of Komas and units of Ruukki Engineering division to
form a new company, Fortaco. The arrangement has now been finalised. As
announced in a release in October, Ruukki's ownership in the new company is 19
per cent.
Fortaco will be a leading manufacturing partner for the engineering industry and
Europe's largest actor in its field. Fortaco is expected to generate pro-forma
net sales of approximately EUR 270 million in 2012 and will have a total of
approximately 2,600 employees. The company has been formed from the compatible
and complementary units of Ruukki and Komas. Ruukki Engineering units in
Jaszbereny (Hungary), Wroclaw (Poland) and Holic (Slovakia) as well as Kurikka,
Sepänkylä and the Kalajoki component business (Finland) have been transferred to
the new company. Employees of the units concerned have transferred to the new
company on their current employment terms and conditions as "old employees".
Komas has contributed its units in Janow Lubelski (Poland), Narva (Estonia) and
Sastamala, Kurikka, Parkano and Härmä (Finland) to the new company.
Fortaco's Board of Directors comprises representatives designated by CapMan,
Peter Augustsson (Chairman), Jan Mattlin and Lars Hellberg, members designated
by Ruukki, Mikko Hietanen and Marko Somerma and in addition Jukka-Pekka Nikula.
Mika Kari, MSc (Industrial Engineering and Management) has been appointed
Fortaco's CEO.
Ruukki Engineering's businesses excluded from the transaction will be reported
as a part of Ruukki Metals division from the beginning of year 2013 onwards.
Earlier stock exchange releases:
17 October 2012 Ruukki and CapMan create Fortaco, Europe's leading manufacturing
partner for the engineering industry - Ruukki focuses on construction and
special steels business
11 December 2012 European Commission clearance for Ruukki and CapMan's agreement
to create Fortaco, Europe's leading manufacturing partner for the engineering
industry
Additional information:
Markku Honkasalo, CFO, +358 20 59 28840
Rautaruukki Corporation
Taina Kyllönen
SVP, Marketing and Communications
Ruukki provides its customers with energy-efficient steel solutions for better
living, working and moving. Ruukki operates in some 30 countries and employs
around 11,800 people. Net sales in 2011 totalled EUR 2.8 billion. The company's
share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS).
DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rautaruukki Oyj via Thomson Reuters ONE
[HUG#1667483]
Unternehmensinformation / Kurzprofil:
Datum: 28.12.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 215786
Anzahl Zeichen: 3499
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 221 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Finalisation of Ruukki and CapMan's agreement to create Fortaco, Europe's leading manufacturing partner for the engineering industry"
steht unter der journalistisch-redaktionellen Verantwortung von
Rautaruukki Oyj (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
