Telko Oy, a leading Finnish supplier of plastic raw materials, industrial chemicals, and lubricants has agreed today to acquire the entire share capital of Swed Handling AB including its subsidiaries Kebelco AB, Kemiverken AB, Swed Handling Transport AB and the associated company CrossChem Sweden AB.
Kebelco, which is a technical food ingredient distributor, will operate as part of Aspo’s other subsidiary Leipurin Oyj.
Swed Handling AB is a full-service supplier of industrial chemicals that is primarily suppling to Swedish industry. With a wide range of products and reliable deliveries thanks to the fully owned transport company Swed Handling Transport AB. The business is characterised by short decision-making paths, personal commitment, extensive knowledge, and well-developed sustainable solutions. Swed Handling Group employs 95 people and has a turnover of about 60 million euros.
The transaction will require the competition authority's approval before closing. It is estimated that the acquisition will be completed during the third quarter of 2024. The current owners of Swed Handling are committed to continue in their current roles.
“We are impressed for the great development of Swed Handling and its unique way of serving customers. I’m convinced that joining strengths of Swed Handling and Telko, we will be able to strengthen partnerships with our customers and suppliers even further. The acquisition of Swed Handling is a significant step for Telko and Sweden will become the biggest market for Telko group.This acquisition will double our net sales in chemicals. With Swed Handling’s existing customer focused business model that combines high quality processed chemical products with customized service, we are significantly strengthening Telko’s presence in the Nordic markets”, says Mikko Pasanen, CEO of Telko Oy.
“This change means new opportunities and synergies for Swed Handling AB. By becoming part of the Telko family, we will be able to offer even better service, a broader product range and a stronger presence in the market. Our core values and our commitment to service, flexibility and customer satisfaction remain unchanged," says Rickard Andersson, CEO of Swed Handling AB.
It is an exciting future that we see ahead of us. We appreciate the trust our partners have shown over the years and look forward to continuing our successful cooperation.
More information:
Mikko Pasanen
CEO, Telko Ltd
+358 40 743 6665
