June 14. 2006
Kaukomarkkinat acquires Poland's WEP Ltd. Sp. z o.o.
On 31 May 2006, Kaukomarkkinat Oy acquired the Polish company, WEP Ltd. Sp. z o.o. WEP Ltd supplies plastic raw materials to Poland and its net sales total approx. 3.3 million euros (2005). WEP complements Kaukomarkkinat's Industrial Raw Materials division which, besides plastic raw materials, trades in chemicals, industrial lubricants and raw materials for the rubber industry, engages in trading operations, and provides terminal services for liquid chemicals.
The division is active in Finland and the Baltic countries mainly through Telko Oy, in the other Nordic countries through the Danish Nordica AS, in Russia and China through Kaukomarkkinat Oy, and now in Poland through WEP Ltd.
The acquisition is in line with Kaukomarkkinat's strategy to expand its plastic and chemical business into Poland.
Kaukomarkkinat is a Kesko subsidiary engaging in international technical trade for production and professional usage.
For further information
Senior Vice President Mikko Teittinen, Kaukomarkkinat Oy
tel. +358 9 521 7491
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