Panostaja Oyj - Company Announcement

PANOSTAJA STRENGTHENS ITS FITTINGS BUSINESS AREA THROUGH A COMPANY ACQUISITION AND BY SEPARATING BUSINESSES

Panostaja Oyj        Stock Exchange Bulletin, November 6, 2012, 11:00 am





PANOSTAJA STRENGTHENS ITS FITTINGS BUSINESS AREA THROUGH A COMPANY ACQUISITION
AND BY SEPARATING BUSINESSES 



Panostaja Oyj's subsidiary Suomen Helasto Oy has bought the entire shareholding
of Oy Eurohela Trading Ltd, which provides furniture fittings wholesale
services. In 2011, Eurohela Trading's net sales totaled MEUR 3.8. As a result
of the transaction, Panostaja strengthens its business area specializing in
fittings wholesale with a diverse product range and comprehensive sales
network. The price of the transaction will not be made public. 

In the same connection, the business area will be reorganized so that the
furniture fittings and construction fittings businesses will be separated into
their own companies. Suomen Helasto Oy's subsidiaries Oy Eurohela Trading Ltd
and Suomen Helakeskus Oy merge to form Suomen Helakeskus Oy, focusing on the
furniture fittings business. Suomen Helasto Oy's new subsidiary Rakennushelasto
Oy, which is established as part of the reorganization, will specialize in the
construction fittings business. The aims of the separation are improved special
expertise and product knowledge. 

In 2011, the Fittings business area comprising the furniture fittings and
construction fittings businesses had approximately MEUR 15 in combined net
sales. It employed 44 people. Suomen Helakeskus Oy Managing Director Hannu
Rantanen will continue as Managing Director of the company and also as a major
shareholder. As part of the reorganization, Oy Eurohela Trading Ltd owner
Heikki Savola will become Managing Director of and a shareholder in
Rakennushelasto Oy. As a result of the reorganization, Panostaja Oyj's
shareholding in Suomen Helasto Oy is about 95%. 

The acquisition has no impact on the result management given on October 29,
2012. 



Panostaja Oyj



Juha Sarsama

CEO



Further information:

CEO Juha Sarsama 040 774 2099



Panostaja is an investment company developing Finnish SMEs in the role of an
active majority shareholder. The company aims to be the most sought-after
partner for business owners selling their companies as well as for the best
managers and investors. Together with its partners, Panostaja increases the
Group's shareholder value and creates Finnish success stories. The Panostaja
Group employs approximately 1,200 people. Panostaja's shares (PNA1V) are quoted
on the NASDAQ OMX Helsinki Stock Exchange. In the 2011 financial year, the
Group's net sales totaled MEUR 163.2. www.panostaja.fi 

Suomen Helakeskus Oy is a company specializing in the import and wholesale of
fittings, established in 1971. The company has Finland's most extensive and
diverse range of fittings. Its new state-of-the-art facilities completed in
2010 are located in Seinäjoki. In the 2011 financial year, the company had net
sales of MEUR 11.4 and employs 32 staff. Suomen Helakeskus Oy is part of the
Panostaja Group. www.helakeskus.fi 

Oy Eurohela Trading Ltd was established in 1998, focusing on the import and
wholesale of furniture fittings. The company has specialized in the wholesale
of high-quality European products for the furniture industry. Oy Eurohela
Trading Ltd's head office is located in Seinäjoki and its sales network covers
the whole of Finland. In 2011, the company had net sales of MEUR 3.8 and
employs 12 staff. www.eurohela.com