Rautaruukki to take over Steel-Mont
Finland based steelmaker and steel constructions manufacturer Rautaruukki Corporation signed an agreement to takeover 100 percent of
Slovakia's leading steel constructor Steel-Mont.
The Completion of the acquisition requires approval from competition authorities. The transaction is expected to be concluded by the end of March 2006. The parties have not disclosed the price to be paid.
Steel-Mont produces steel
construction materials for industrial and commercial
construction projects in
Slovakia. The purchase of Steel-Mont will support Ruukki's goal to become one of the leading metal-based
construction solutions supplier in the Nordic countries and central eastern
Europe.
Syneco Industri in
Sweden, PPTH Steelmanagement in
Finland and Metalplast in
Poland, were among other major takeovers of the company in 2005.