FNsteel (former Ovako Wire division)

Acquisition of FNsteel by HHBV

Financial advisor to Buyer
December 2010
view details

HHBV acquired FNsteel

Mahler CF has advised HHBV on the acquisition of the companies belonging to the Wire division of the former Ovako Group. The operations of the acquired companies will continue under the new name FNsteel.

The FNsteel Group, which produces and markets long special steel products in the form of wire rod and PC strand, consists of six production units in Finland, Sweden and the Netherlands. The turnover of the group is around EUR 350mln and the number of employees is 800. The steel production capacity amounts to 600.000 tonnes per year.