Rautaruukki acquires Syneco Industri

Rautaruukki acquires Syneco Industri

Finland-based steel producer Rautaruukki Corporation announced on Friday that it received regulatory approvals to acquire Syneco Industri AB from Sweden's AB Pehrson & Lindgren. The acquisition is expected to be completed within a week, company sources reported. Syneco has subsidiaries operating in Sweden, Poland, and China. The companies produce frames and other large steel components for the lifting, handling and transport industries.