Helmet creates a strong group within reinforced plastics

19.04.2013

Helmet Business Mentors Oy and investors represented by Helmet own the majority of Victorius Oy, which has acquired 100 % of the shares in Ykimuovi Finland Oy (Finland), Garant Finland Oy (Finland), PLB Vindic Ab (Sweden) and Iris Fiber Oü (Estonia). The current owners and key employees will become significant minority shareholders in Victorius Oy.

The arrangement will create a significant Northern European operator within reinforced plastics, with a broad product range of both own and subcontracting products. The group headquarters will be in Oulu, in connection to Ykimuovi Finland Oy’s premises.

Ari Hautala (BEng., MBA) will start as the Managing Director of both the parent company Victorius Oy and Ykimuovi Finland Oy. Ari Hautala has extensive experience within business development and international trade. Kari Pelkonen, the founder and former Managing Director of Ykimuovi Finland Oy will continue as Technical Manager for the company.

“The new group has good development and growth opportunities in combining the existing complementary product portfolios, sales organizations, and retailer networks”, states Timo Hyvönen, partner of Helmet Business Mentors Oy and Chairman of the Board of Victorius Oy.

“Decade’s worth of technical know-how within reinforced plastics combined with a quality conscious and efficient production enables expansion of the product portfolio and the customer base”, states Ari Hautala, Managing Director of Victorius Oy and Ykimuovi Finland Oy.

Additional information:

- Chairman of the Board Timo Hyvönen, Victorius Oy, Tel. +358 400 975 838

- Managing Director Ari Hautala, Victorius Oy and Ykimuovi Finland Oy, Tel. +358 500 472 274

 

Ykimuovi Finland Oy (est. 1981, Finland), manufactures a variety of products out of reinforced plastic, such as trailer covers, glass containers, technical utility room floor solutions, rowboats and out-door bathtubs. The company’s sales were approx. 1,5 million euros in 2012. (www.ykimuovi.fi)

 Garant Finland Oy (est. 2005, Finland) is a leading provider of covers and accessories for pick-up trucks in Finland. The company’s sales were approx. 0,5 million euros in 2012. (www.garant.fi)

 

PLB Vindic Ab (est. 1978, Sweden), develops, markets and sells fiberglass covers, flat tops and accessories to pick-up trucks, sand boxes and windshields for trucks. PLB Vindic Ab has also a subsidiary in Germany. The company’s sales were approx. 2,5 million euros in 2012.  (www.vindic.se)

Iris Fiber Oü (est. 1994, Estonia), manufactures fiberglass products, such as covers for pick-up trucks, roof boxes, sand boxes and windshields. The company’s sales were approx. 2,5 million euros in 2012.  (www.irisfiber.com)

The acquired companies have approx. 50 employees in total.