The deal
Pitomaalaus Oy acquired the painting business of Lainisalo Rakennusmaalaus Oy
The painting business operations of Lainisalo Rakennusmaalaus Oy will be transferred to Pitomaalaus Oy as a result of the business transaction concluded on 27 September 2019.
According to the acquisition bulletin, the business acquisition will not affect operational field operations. The personnel and work sites of Lainisalo Rakennusmaalaus will be transferred to Pitomaalaus as of September 27, 2019.
“Pitomaalaus Oy is a strong growth in its industry and I am pleased to bring the great people of Lainisalo Rakennusmaalaus oy into Pitomaalaus oy’s team. In the future, we at Lainisalo will invest in the company’s industrial know-how and internationalization. The purpose of this arrangement is to strengthen and secure the future of both construction and industrial painting, and this business acquisition is a very natural part of our growth strategy. The building painting business is better able to develop in the hands of a building painting professional than as part of an industrial painting group. ” says Pertti Lainisalo, CEO of Lainisalo oy.
Lainisalo Oy is a company founded in 1990 that specializes in industrial painting and surface treatment. Lainisalo Rakennusmaalaus is a subsidiary of Lainisalo oy, whose turnover is approximately EUR 4.5 million in 2019. The turnover of the entire Lainisalo Group in the current year is approximately EUR 10 million.
Pitomaalaus oy is a company in the façade and balcony renovation, as well as leveling and painting industry, whose turnover for the current financial year is more than EUR 10 million, excluding the business transaction that has now been made. With the acquisition, Pitomaalaus Oy’s number of employees will increase to more than 150.
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