Martela Oyj
MARTELA CORPORATION TO ACQUIRE PA-RI MATERIA OY’S USED FURNITURE BUSINESS
Martela Oyj / 23.06.2010 08:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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,â says Heikki Martela, Martela Corporation Managing Director. âThe deal is an opportunity for the recycled furniture business to grow and assume a more central role in the life-cycle management of furniture,â 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 50Â 502 4711, Panu Ala-Nikkola, Director, Business Unit Finland, tel. +358 50Â 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 News Source: NASDAQ OMX 23.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Martela Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009900385 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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