Areco makes another major acquisition to extend its business

Today, Areco has acquired Ferrex Scandinavia AB and is further broadening its business by adding outstanding expertise and an extended range of steel and metal products.  Ferrex, a company based in Gothenburg, has been offering the market a broad, strong and competitive selection of steel and metal products for almost 40 years. The company is in possession of a great deal of expertise and provides Nordic industry with products directly from steelworks to client plants. With its robust background in the steel industry, the company brings with it net sales of around SEK 300 million and around 10 employees. “The strategy behind the acquisition of Ferrex aims to extend Areco’s product expertise and interface with the mechanical and automotive industries. This acquisition will result in volumes for our latest initiative involving custom-made sheet metal produced at our new Steel Service Centre in Malmö. Synergies with Areco’s m […]
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Areco breaks new ground with major acquisition in Finland

Areco is continuing its Nordic expansion with the purchase of the Finnish sandwich panel manufacturer TPE Spirit Oy. “We’re adding another key component to our already wide range, and now have our own sandwich element (mineral wool) production capabilities,” says Areco President Peter Areskog about the new addition in Finland. The new major acquisition, which is the company’s largest single investment to date, marks Areco’s first step into the Finnish market and opens up opportunities to take a greater market share in the Nordic, Baltic, and northern German non-residential property market. TPE Spirit Oy, which was founded in 2009, is one of the biggest sandwich panel producers in Finland. The company’s production facilities are situated in Somero outside of Åbo. TPE Spirit Oy has 13 employees and expects to have SEK 100 million in turnover this year. “Through the acquisition, Areco is taking a big step into a new market and […]
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Areco Metals stands on its own from May 1

Areco Group has today announced that the business area Areco Metals will become an independent company from 1 May 2017. Areco Metals is a global company that handles purchasing, stocking and distribution of raw materials. Purchasing is done from some of the world’s best and most modern steelworks inside and outside of Europe. Areco Metals offers sheeting in many different steel qualities and dimensions. The 15,000 square metre raw materials warehouse in Helsingborg harbour has a capacity of 30,000 tonnes. From there, deliveries are dispatched within 24 hours of the order being placed. Areco Metals is also in the process of establishing a Steel Service Center in Malmö, which will be ready for operation in 2017. The construction of the 4,500 m2 factory building begins within the next few weeks, says Anders Lindell, incoming managing director. Areco Metals is a subsidiary of Areco Group. The group has currently 200 employees a […]
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Areco continues to expand through the acquisition of Mälarplåt AB

Areco has acquired Mälarplåt a Swedish export company trading in various types of secondary, and third grade steel products including surplus stock materials. The company is located in Sweden and offering efficient shipment solutions all over the world. The business will be moved to Areco Metals, the raw material division within Areco Profiles AB, in Malmö Sweden. Mälarplåt specializes on supporting small and medium-sized forging- and sheet metal companies in their purchase of commercial steel and sheet metal products. Thanks to the acquisition we will get access to a broad network of suppliers, and it will place us in a unique position to find the right products for our customers. We are also expanding our product range and strengthen our position both locally and globally, says Peter Areskog, President at Areco. For more information contactPeter Areskog, President, Mobile: +46 705 54 20 30 Anders Lindell, Business Unit Di […]
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