Peab Industri acquires Finnish gravel company and establishes a new ready-mixed concrete plant in Helsinki

Peab Industri has acquired YN Sora OY which produces and sells gravel in the Turku-Helsinki area. The operations had sales of SEK 30 Million in 2007. The company will provide gravel to Peab Industris´ factories in the area and also deliver to external customers.

“The acquisition of YN Sora is an important step for us. This means that we will be established within gravel- and rock products in Finland which will strengthen our competitiveness in the production of ready-mixed concrete as well. Our objective is to in general have our own supply of raw material for our local production units,” says CEO of Peab Industri Mats O Paulsson.

Peab Industri has also started the establishment of a new concrete plant in Kirkonummi, outside Helsinki, which will be in production during the fourth quarter 2008. The investment will broaden Peab Industris´ market area within ready-mixed concrete. The investment amounts to about SEK 25 Million.


For additional information, please contact:
Mats O Paulsson, CEO Peab Industri +46 431 44 96 00
Staffan Bremander, Corp. Comm. Mgr. Peab Industri + 46 733 37 11 10


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