Following up on a previous sale announcement, Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) is pleased to announce it has completed the sale of its Finnish pallet business, Oplax Oy, to Pallet Invest Oy, a company founded by a group of Finnish and Russian investors. All the conditions of the agreement have been fulfilled to complete the transaction.
Oplax Oy produces 1.5 million wooden loading pallets per year. Revenue in 2010 was EUR 11.2 million. The company had 43 employees on 31 December 2010.