PRESS RELEASE: SCANPOLE OY, PART OF THE IIVARI MONONEN GROUP, HAS AGREED TO ACQUIRE AB PÅRAS OY’S POLE BUSINESS
Scanpole Oy has acquired the pole business of the Kruunupyy-based company Ab Påras Oy. The main markets for Ab Påras Oy’s pole business are in the Nordic countries. The business will be transferred in its entirety to Scanpole Oy’s Nurmes plant during the early part of the new year. The existing employees of Ab Påras Oy’s pole business will be transferred to other positions within their company.
In 2023, Ab Påras Oy’s revenue was slightly over 6 M€ and it employs 10 people. The pole business has accounted for 15–20% of the company's turnover annually.
"Iivari Mononen Group’s strategy is to be the market leader in the wooden pole market and the largest manufacturer of wooden fencing posts in Northern Europe. This acquisition supports our strategy and growth. We want to maintain Ab Påras Oy’s good customer service and to continue to enable efficient network construction for the customers going forward," says Ari Mononen, CEO of the Iivari Mononen Group.
"At Ab Påras Oy, we are pleased with the transaction. Transferring the pole business to Scanpole Oy gives us the opportunity to focus on, and invest in, other businesses in the future," says Lisa Sjölind, CEO of Ab Påras Oy.
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3 days ago
This year, we have donated the funds reserved for Christmas gifts to charity.
In the UK, the donations go to the charity organizations St. Davids Foundation, which provides palliative care in the Newport area, and Crohn's & Colitis UK, which supports people with Inflammatory Bowl Disease and shares information about the disease.
In Finland, we have made donations to the children's and youth psychiatry department of Pohjois-Karjalan hyvinvointialue Siun Sote, which helps children and young people aged 0-18 with severe mental health disorders.
In Ireland, we have supported the Senior Citizen's Christmas Party in the village of Kill near our factory and also made a donation to the Kill Tidy Towns association.
In Norway, the donations have been received by two volunteer organizations,
Gruehjelpa and Stange Røde Kors, which do local social work. Gruehjelpa focuses on helping families with children in difficult financial situations in the municipality of Grue, and Stange Røde Kors does volunteer work, for example, with immigrants in the Stange area.
In Sweden, we have supported the Barncancer Fonden, Which fights against childhood cancer and provides care and support to affected children.
We wish everyone a peaceful Christmas!
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5 days ago
We are committed to the sustainable use of forests. In our wood procurement, we comply with the criteria of PEFC forest certification. PEFC forest certification promotes sustainable forestry, which means the management and use of forests in a way that supports their biodiversity, productivity, regenerative capacity and vitality. In addition, sustainable forestry aims to promote forest-related ecological, economic and social activities at local, national and global levels, now and in the future. PEFC certification ensures that wood comes from legal sources and that its chain of custody from sustainably managed forests to products is known.
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4 weeks ago