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| 2024-06-10, 15:22 |
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Telko: Strategic acquisition of Polyma Kunststoffe
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The Finnish company Telko expands its plastics business to Western Europe through an acquisition of Polyma Kunststoffe GmbH & Co KG in Hamburg, Germany. The acquired company is a distributor of engineering plastics. "The transaction strengthens our engineering plastics business and opens new markets for Telko in Germany and neighboring countries. This is yet another step of Telko’s compounder strategy, which focuses on high value-added products and further growth", says Mikko Pasanen, CEO of Telko. Advert Polyma’s profitability has fluctuated between 0.3 million Euro and 0.8 million Euro in recent years. In 2024 net sales is expected to reach 15 million Euro and EBIT 0.5 million Euro. Telko's strong supplier relationships and customer expertise combined with Polyma's business portfolio create the prerequisites for significant business development. The current CEO Alexander Maul will remain as the company's CEO.
More information: www.telko.com, polyma-kunststoff.de |
Telko Ltd, Espoo, Finland
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