Peikko to acquire Threadsure® rebar coupling business in Australia
Peikko Group Corporation has acquired the business of companies Threadsure Connection Systems Pty Ltd. and Adjusta Pty Ltd of Australia. The purchase includes product rights, machinery, stocks and the on-going business. The key personnel will transfer to work for Peikko. The companies have been Australian niche building products suppliers, focusing on rebar coupling systems sold to the major Australian contractors. The operations are based near Brisbane, in the state of Queensland. After the takeover, all Threadsure and Adjusta functions will be part of Peikko’s legal entity,