Acquisition of AluSteel

Feon Ltd

Posted on

4 May

2020

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Fast facts

Status:

Completed

Cross-border:

No

Deal value:

Not disclosed

Dittmar & Indrenius > References > Acquisition of AluSteel

We advised Feon, a leading producer of structural steel in Finland, in its acquisition of AluSteel, a top wholesaler of custom cut steel.

Feon Ltd, a wholly-owned subsidiary of Onvest Ltd, is headquartered in Helsinki, Finland. In 2019, Feon had an annual turnover of approximately EUR 70 million and approximately 90 employees.

Onvest Ltd is a family-owned investment company. In addition to its investment operations, Onvest is specialised in owning and developing commercial real estate across Finland.

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