Purso Group expands its market position in Europe by acquiring Nedal AluminiumVolker Karow
Purso Group Oy, based in Nokia, Finland, has bought the share capital of the Dutch company Nedal Aluminium B.V. in the largest company acquisition of its history. Purso Oy processes aluminium into profiles and components as well as building and lighting systems. The transaction doubles Purso’s production capacity and opens new markets in Central Europe.
In the transaction, Purso is buying the subsidiary Nedal Aluminium from the listed Dutch company Hunter Douglas. Nedal Aluminium focuses on the high-quality manufacturing of mostly large aluminium profiles in particular and has a production plant in Utrecht, the Netherlands. Last year, the turnover of Nedal Aluminium amounted to €75m, and the company has around 200 employees. The production plant in Utrecht comprises three extrusion lines. In addition of its extrusion activities Nedal is a main manufacturer of aluminium lighting columns.
“The transaction brings together the expertise of two traditional aluminium processors. Besides doubling our production capacity, this transaction helps us strengthen and expand our market reach significantly towards Central Europe in accordance with our strategy,” says Jussi Aro, CEO of Purso Oy. “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.”