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.
Iivari Mononen Group is a Finnish family-owned group that includes: Scanpole: Pole and fencing post business and PrimaTimber: Construction timber business.
Further information:
Iivari Mononen Oy
Ari Mononen, CEO, +358 400 803 040 | ari.mononen@iivarimononen.fi
Scanpole Oy
Janne Monni, CEO, +358 400 210 512 | janne.monni@scanpole.com
Ab Påras Oy
Lisa Sjölind, CEO, +358 44 733 1408 | lisa.sjolind@paras.fi