Rettig finalises the acquisition of Nordkalk
All co-owners of Nordkalk have today sold their shares in the company to Rettig Group Ltd after the approval of competition authorities. Rettig’s ownership in Nordkalk increases from 49% to 100%. “We are very pleased that the long-term financing could be arranged in June and the transaction was approved by the authorities within the planned time schedule”, says Bjarne Mitts, President & CEO.
Rettig is a group of Finnish family owned companies focusing on three core business areas: Rettig ICC (radiators for hydronic and electrical heating, indoor climate regulation), Bore (shipping) and Tarkala (real-estate development and rental). The net sales in 2009 amounted to EUR 572 million. Rettig employs 3,500 persons in 20 countries. There are 15 production plants in 11 countries.
Nordkalk is the leading producer of high quality limestone-based products in Northern Europe. The products are used mainly in the paper, steel and building materials industries as well as in environmental care and agriculture. The product brand is Nordkalk. The company's net sales for 2009 totalled EUR 277 million. Nordkalk employs some 1,200 people and has operations at more than 30 locations e.g. in Finland, Sweden, Norway, Poland, Estonia and Russia.