Tornum AB acquires Finnish JPT-Industria
JPT-Industria OY has been acquired by Tornum AB, a leading supplier of turn-key solutions for grain handling. The acquisition expands the offering for both companies and strengthens the market position in the Nordic region.
Although JPT becomes an independent subsidiary within the Tornum Group, expertise and knowledge will be shared across the companies within the group. Tornum adds new products to JPT’s offering, which enable the company to serve existing and new customers with an even wider range of products. Furthermore, as part of Tornum Group, JPT will be able serve the current customer base even more efficiently and cost-effectively. Over time the deal aims to accelerate JPT’s growth outside Finland.
“We are delighted at the opportunity to acquire JPT-Industria, a company we have followed for a long time. Not only does the acquisition expands Tornum’s existing offering in grain handling and strengthen our common market position in the Nordic region, it also opens up possibilities within closely related customer segments.” says Jerker Funnemark, CEO at Tornum AB.
“We are very happy and pleased to become part of the Tornum family. Through Tornum’s international sales network, JPT has the opportunity to reach new markets and thus grow into a major player abroad as well. Together with Tornum we can continue to offer unique and competitive solutions alongside with leading expertise – perfectly suited to the future cost-effective requirements of the feed, pet food and bioenergy industries.” says Juha Nisula, CEO at JPT-Industria.
For further information, please contact:
Jerker Funnemark, CEO Tornum AB, +46 70 145 75 78, email@example.com
JPT-Industria is an entrepreneurial company with about 35 employees and is headquartered in Ilmajoki in Finland. The company is a market-leading player in its niche in Finland, with a broad product portfolio in interesting product segments such as feed handling, fertiliser production, grain handling and eco-efficient energy solutions. JPT-Industria reported sales of EUR 7.5 million during the last financial year.
Tornum AB is a Swedish company founded in 1989 and is headquartered in Kvänum. The company consist of a group of companies located in Sweden and Eastern Europe, addressing needs of small farmers, industrial scale farmers and food and feed producers. Tornum is owned by the Industrial Group Volati.
Volati is a Swedish industrial group, founded in 2003, consisting of the business areas Trading, Akademibokhandeln and Industry. Volati mainly acquires companies with proven business models, leading market positions and strong cash flows at reasonable valuations and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, about 2,000 employees and annual sales of approximately SEK 6.5 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.