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The Finnish steel service company Feon has signed an agreement to acquire Kontino’s steel service business. When completed, the transaction will strengthen Feon’s position in a competitive market and will allow their steel e-commerce services to become available to a wider group of customers.
Finnish steel service company Feon has acquired AluSteel, a company based in Uusikaupunki, Finland. Feon aims to position itself as one of the biggest steel service companies in Finland. CEO Petri Kalliokoski states that the acquisition brightens up the Finnish steel product wholesale business that has struggled with oversupply and a gloomy economic outlook during the coronavirus crisis.
Please note that the e-invoice operator ID for Feon Oy has changed.
In the fall of 2017, the owners of the family owned company Onvest Oy decided to demerge the company’s business into two separate companies. The demerge was completed on April 30th, 2018.