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2009-10-15 15:30:00 CEST 2009-10-15 15:30:01 CEST REGULATED INFORMATION Panostaja Oyj - Company AnnouncementPANOSTAJA STRENGTHENS ITS VALUE-ADDED LOGISTICS BUSINESS AREA WITH PURCHASE OF CLO PAKKAUKSET OYPanostaja Oyj Stock Exchange Bulletin 15.10.2009 4.30 pm PANOSTAJA STRENGTHENS ITS VALUE-ADDED LOGISTICS BUSINESS AREA WITH PURCHASE OF CLO PAKKAUKSET OY Panostaja Oyj has today signed an agreement to acquire the entire share capital of CLO Pakkaukset Oy, a provider of packaging and logistics services. The acquisition needs to be approved by the board of Panostaja Oyj, and the closing is expected by 23.10.2009. With this acquisition Panostaja Oyj further expands it's business area specializing in value-added logistics, part of which Vallog Oy, provider of logistics servives, is already part of. CLO Pakkaukset Oy, established in 1994, is owned by Jouni Arolainen. The company's set of services include different types of packages and packaging, logistics and packaging design services. CLO Pakkaukset Oy is located in Jokela, Finland. In the financial year 2008, company's net sales amounted to EUR 11,2 Million and it has around 100 employees. Both Risto Rousku, CEO of Vallog Oy, and Jouni Arolainen, CEO of CLO Pakkaukset Oy, continue to work for the new combination and remain significant shareholders. Panostaja Oyj Juha Sarsama CEO Further information is available from: Juha Sarsama, CEO, on (tel.) 040 774 2099 |
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