MARTELA CORPORATION RELEASE JUNE 23, 2010 AT 9.00
MARTELA CORPORATION TO ACQUIRE PA-RI MATERIA OY'S USED FURNITURE BUSINESS
Martela Corporation, Finland's leading supplier of work environment and public
space solutions, is reinforcing its position in the used furniture market by
acquiring Pa-Ri Materia Oy's used furniture business, which has been operating
under the name Martela Poistomyynti. The deal will provide Martela with the
opportunity to reinforce its position as a comprehensive service partner for its
customers. Martela's comprehensive service covers the entire chain of business
premises from beginning to end.
Under a deal concluded on 23 June, Martela Corporation will acquire Pa-Ri
Materia Oy's used furniture business, which has been operating under the name
Martela Poistomyynti.
Founded in 1997, Pa-Ri Materia Oy is a nationwide office furniture recycling and
sales company. It is the largest operator in its field and recycles tens of
thousands of pieces of furniture for new users every year. The revenue of the
Pa-Ri Materia Oy business acquired by Martela was EUR 3.1 million in 2009. With
the deal, Martela Poistomyynti personnel (25) will transfer to Martela under
their present contract terms. Pa-Ri Materia Oy will continue to process
furniture not suitable for reuse into usable waste, secondary raw materials for
industry and for generating energy.
Since the founding of Martela Poistomyynti, Martela has worked closely with
Pa-Ri Materia to improve the recycling of used furniture. In the beginning of
2010, Martela opened a used furniture outlet in Turku. With the deal, the
Martela Poistomyynti outlets in the Helsinki area and Tampere will be
transferred to Martela. Martela is planning to expand its recycled furniture
business elsewhere in Finland, too.
"This will provide Martela with the opportunity to reinforce its position as a
comprehensive service partner for its customers. Martela's comprehensive service
covers the entire chain of business premises from beginning to end, and the
recycling of used furniture is a key part of our environmentally responsible
approach,” says Heikki Martela, Martela Corporation Managing Director.
“The deal is an opportunity for the recycled furniture business to grow and
assume a more central role in the life-cycle management of furniture,” says
Juha-Matti Ojala, founding partner and Managing Director of Pa-Ri Materia Oy.
For further information, please contact:
Martela Oyj
Heikki Martela, Managing Director, tel. +358 50 502 4711,
Panu Ala-Nikkola, Director, Business Unit Finland, tel. +358 50 502 4728
Pa-Ri Materia Oy
Juha-Matti Ojala, Managing Director, tel. +358 400 874396
Helsinki, June 23, 2010
Martela Corporation
Heikki Martela
Managing Director
Distribution
NASDAQ OMX Nordic
Main news media
www.martela.com
