HELSINKI (Thomson Financial) - Outokumpu Oyj said it has agreed to acquire Avesta Klippcenter AB, a Swedish processor of stainless steel, for an undisclosed sum.
Avesta has yearly sales of about 4.5 million euros.
Outokumpu said the purchase, from the Lind family, will boost its raw material handling capacity.
Avesta's primary business involves processing stainless steel material from Outokumpu's mills in Sweden. james.etheridge@thomsonreuters.com je/wj COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
