Fortum expands its recycling portfolio by acquiring Fincumet, a Finnish metal recycler. The transaction comprises Fincumet Group’s metal recycling related businesses (i.e. Fincumet Oy and Niemen Romukauppa Oy). Fincumet Container Oy is not included in the transaction scope and will continue to operate as a separate entity in the future. The acquired businesses generate app. 40 million euros in net sales and employ app. 30 professionals.
Fincumet is a family-owned company established in 1992. The company collects, processes and sells scrap metal products. The company operates through a processing site in Ikaalinen and the collection sites in Helsinki and Jyväskylä. The scrap metal is sourced from large and small industrial clients, demolition companies, private persons and other metal collectors. The metal products are usually sold to customers located in both Europe and Asia.
The CEO of Fincumet, Samuli Järvensivu, is really satisfied that the over 25-year-old family-owned business has found a new home within Fortum. The new owner will enable the business to grow to a new level. The sales process, organized by Translink, was praised by Mr. Järvensivu: “The co-operation with Translink went very smoothly. The way how Translink executed the process was exceptionally energetic and fresh. Translink’s team didn’t freeze even in the tightest situations but continued to determinately move towards the goal. I was pleasantly surprised by the extent and clarity of the analysis and other materials produced during the process. It was also a surprise how well and fast the team was able to understand the cornerstones of our business. Many thanks to the team. I can recommend Translink 5/5.”