Lemminkäinen sells deck coating business
LEMMINKÄINEN CORPORATION PRESS RELEASE 3 OCTOBER 2012 AT 11 A.M
LEMMINKÄINEN SELLS DECK COATING BUSINESS
Lemminkäinen has sold its Finnish deck coating business, a part of its Infrastructure Construction segment, to SPT Painting Oy, a company based in Lappeenranta. The parties have agreed that the purchase price will not be disclosed.
Five employees under fixed-term employment contracts and a clerical employee will transfer to SPT Painting Oy.
In line with its strategy, Lemminkäinen is streamlining its business and focusing on its growth areas. Under the new owner, the deck lining business will have improved development opportunities.
Markus Kalliomaa, Director
Infrastructure Construction Segment
Tel. +358 2071 59018
Southern Finland press
Lemminkäinen Group operates in all areas of the construction sector. The Group's operations are organised into four business segments: building construction, infrastructure construction, technical building services and international operations. Net sales in 2011 were about EUR 2.3 billion, of which international operations accounted for roughly a third. The Group employs 8,000 people on average. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Nordic Exchange Helsinki. www.lemminkainen.com