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Aspo Subsidiary Telko Acquires Norwegian Plastics Distributor Johan Steenks
Thursday 29 September 2022

Finnish conglomerate Aspo plc's (HEL: ASPO) Telko subsidiary subsidiary has acquired Norwegian plastics distributor Norwegian Johan Steenks AS, the company said.

Johan Steenks is a distributor of engineering plastics and plastic additives with an established customer base in the Norwegian market and numerous well-known principals.

The company's net sales are approximately EUR 5m.

The acquisition does not require an approval from competition authorities, and Telko estimates that the transaction will be completed in early October.

Telko is a supplier of plastic raw materials, industrial chemicals and lubricants.

The company's operations are based on representing the best international principals, the expertise of personnel and long-standing customer relationships. company's competitive advantage comes from technical support, efficient logistics and local professional service.

Telko operates in 15 countries and has sales to more than 30 countries.

Aspo creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors.
Date Published: 29/09/2022