SP Group A/S acquires Coreplast Laitila Oy
- Today SP Group has agreed with the owners of Coreplast to acquire Coreplast Laitila Oy in Laitila, Finland, at a total price including takeover of debt (enterprise value) up to DKK 70 million.
- The acquisition of this well-running company within injection moulding of technical plastics accelerates the growth of SP Group. As a consequence of the acquisition the outlook for the year 2019 is upgraded.
- Mikko Toivonen stays on as Chief Executive Officer and Kauko Kämäräinen stays on as Sales Director at Coreplast Oy.
Coreplast is an advanced injection moulding company with production and assembly in Finland. Coreplast has roots back to 1968 and has expanded regularly since then. The customers are primarily leading Finnish export companies with high requirements for quality. Therefore, Coreplast is certified according to ISO13485, IATF16949, ISO9001 and ISO14001.
Coreplast has been owned by the former owners since 2004. At that time, they acquired the company in an MBO together with an equity fund.
Coreplast has 45 injection moulding machines, among these several two- and three-component machines with clamping forces from 25 ton to 1,500 ton and peripheral equipment such as robot cells, vision, cooling equipment, material feeding, assembly devices etc.
Coreplast owns a modern plant of 11,500 sqm in Laitila.
As one of the leading injection moulding companies in Finland, Coreplast has a strong brand. Therefore, the company will continue under its existing name and with an unchanged daily management.
In 2018, the revenue of Coreplast amounted to approx. DKK 100 million with an EBITDA of approx. DKK 10 million. The company has approx. 110 full-time employees, and these employees are expected to continue their work at Coreplast.
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