Purso Group Oy, based in Nokia, Finland, has purchased the share capital of the Dutch company Nedal Aluminium B.V. in the largest company acquisition of its history. The transaction doubles the former’s production capacity and opens new markets in Central Europe.
Purso Oy, which processes aluminium into profiles and components as well as building and lighting systems, is buying the subsidiary Nedal Aluminium from the listed Dutch company Hunter Douglas. Nedal Aluminium, based in Utrecht, The Netherlands, develops, produces and sells aluminium profiles and 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.”
“Our two aluminium extrusion lines in Nokia have been fully loaded for a while now, so we have been thinking about different possibilities for increasing the capacity. The Nedal transaction provides the necessary additional capacity and expands our product range towards larger aluminium profiles.”
“Domestic production will not be moved to the Netherlands through the transaction. Our factories in Finland are known for very refined further processing, so it is entirely possible that aluminium profiles manufactured by Nedal in the Netherlands will also be processed in Finland in the future,” Jussi Aro added.
Nedal Aluminium B.V. continues operating as a separate, independent company in the Purso Group.
“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”, said Marcel Veldman, Managing Director of Nedal Aluminium.
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