MuoviTech acquires TT-Plast Oy

TT-Plast Oy is based in Pori, Finland.

MuoviTech acquires TT-Plast Oy

With a share transaction concluded on 30 June, MuoviTech purchases the entire share capital of TT-Plast Oy, based in Pori, Finland. The acquisition will strengthen the status of both companies in the manufacture of polyethene pipes, introducing synergy benefits to their operations.

Climate change impacts the weather and climate in various ways, such as rising temperatures, increased rainfall, changes in annual weather patterns and more frequent occurrence of extreme weather conditions. Mitigation measures play a key role in the concept of climate change and water services. Both MuoviTech and TT-Plast Ltd offer a wide selection of high-quality plastic pipes, installation equipment and services to both mitigate climate change and secure the quality of water supply.

“MuoviTech has a strong position in the geoenergy industry, and the special expertise of TT-Plast will help us further develop our business by offering our customers a more extensive product selection and a more efficient order and supply chain for specialised pipes. At the same time, we will be able to offer the current customers of TT-Plast a more extensive range of products such as welding parts, as MuoviTech has solid experience in their procurement. We are proud to continue the work of Tauno Tuliniemi and develop the company for the needs of both businesses’ existing and future customers,” says Joni Hakula, Chief Executive Officer of Ab Muovitech Finland Oy.

TT-Plast Oy
TT-Plast Oy is a Finnish manufacturer of plastic products, established in 2003. The company manufactures both pressure pipes and infrastructure pipes for municipal and building services engineering. The company headquarter is located in Pori, and with its current machinery, TT-Plast is able to manufacture plastic pipes up to 630 mm in diameter.

MuoviTech
MuoviTech is a global leader in the manufacture of innovative geoenergy and pressure-water piping products and systems with production facilities in Sweden, Finland, Poland, the Netherlands, the UK and Norway. Established in 2002, the company has partners and customers in 50 countries. MuoviTech is part of Ernströmgruppen, based in Sweden.

Ernströmgruppen
Ernströmgruppen is a family-owned industrial group that together with entrepreneurs wants to build better companies for future generations. Ernströmgruppen’s business model, "collective power of entrepreneurs", is based on four generations national and international experience in combining the best of small business; entrepreneurial spirit, commitment, and effective decision-making processes, with the best of big business, such as financial stability, structure and exchange of experience. The company’s operations span everything from marine safety equipment and technology trade, to delivery of components and services for energy efficiency of industries and properties. Ernströmgruppen consists today of approximately 40 companies with a total turnover of around SEK 3,5 billion and has over 1100 employees in the Nordic region and Northern Europe.

For more information, please contact:

Joni Hakula
Chief Executive Officer, Ab Muovitech Finland Oy
Tel. +358 40 7120 585
joni.hakula@muovitech.com
www.muovitech.com

Tauno Tuliniemi
Chief Executive Officer, TT-Plast Ltd
Tel. +358 50 0360 769

Kjell Bernt Kalland
Head of Business Area – Water & Heating, Ernströmgruppen
kbk@ernstromgruppen.com
www.ernstromgruppen.com

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