Industry Investment to invest in Halikko Group

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The entire issued stock of Halikko Works Oy and Tomi-Steel Oy has been transferred to Halikko Group Oy, the majority of which is owned by a group of investors formed by Helmet Business Mentors Oy. Finnish Industry Investment Ltd, Mutual Insurance Company Pension Fennia and the companies’ key personnel will become significant minority shareholders of the parent company Halikko Group Oy.

Halikko Works Oy manufactures steel products based on welding, cold forming and heat treatment. The company’s core products are demanding tank ends, hemispherical ends and segmental plates for spherical tanks. The Group’s customers include international companies in the wood processing, energy, marine and engineering industries. In 2007, Halikko Works generated EUR 20 million in net sales, of which 65% was derived from exports, mainly to Sweden, Norway, England, Poland and Russia.

Further information:

Seppo Ahonen, Board Member, Halikko Group Oy, tel. +358 50 364 6370
Jorma Leppänen, CEO, Halikko Works Oy, tel. +358 400 539 229
Tomi Juselius, Managing Director, Tomi-Steel Oy, tel. +358 40 550 3901
Antti Kummu, Investment Manager, Finnish Industry Investment Ltd,
tel. +358 50 432 4486