Acquisition confirmed of majority shareholding in Piristeel Oy agreed by Ruukki Construction in February

Mar 25, 2019

PRESS RELEASE March 25, 2019

The acquisition of a majority shareholding in Piristeel Oy, agreed by Ruukki Construction in February, has been confirmed. Piristeel Oy is Finland’s leading manufacturer of roof safety products and rainwater systems and its sales in 2018 were around EUR 20m.

Established by Pentti and Ritva Piri in 1989, Piristeel Oy is a Finnish family firm based in South Ostrobothnia and has around 70 permanent employees. The current owners will retain a minority stake (33%) and continue to work for the company. The company will continue to trade under its own brand as part of Ruukki Construction.

”This transaction supports Ruukki Construction’s growth strategy in the residential roofing business, and complements our roof safety and rainwater systems product portfolio. Ruukki Construction's international sales and service network, on the other hand, provides good opportunities for expanding Piristeel's current business, “says Jouni Metsämäki, Vice President, Residential Roofing business.

Reaching market leadership in Nordics is one of Ruukki Construction’s strategic focus areas. Ruukki Construction’s other business areas are Building Components, which focuses on product deliveries of wall and roof structures, and Building Systems, which focuses on project deliveries of building frame and envelope structures.

Media contact person:

Tapani Tuominen, Communications
tel. +358 50 314 3131
tapani.m.tuominen@ruukki.com

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