egeplast international Acquires Majority Stake in Extena, Market and Quality Leader for Plastic Pipes in Sweden
Apr 09, 2020
egeplast international GmbH, a medium-sized family enterprise based in Greven, Germany, acquires a 75-percent stake in the Swedish company Extena AB. Extena is the leading provider of plastic pipes for the Swedish infrastructure. Founded in 1976 in Norsjö and with a headcount of approx. 40, the company generated EUR 17 million in profitable sales in 2019. It was agreed to keep the purchase price confidential.
With egeplast now on board with Extena, the Scandinavian market will be able to benefit from a complete range of matched innovative plastic pipe systems and a comprehensive range of PE pipes with excellent availability.
The Extena manufacturing facilities right in the heart of the Scandinavian market (Sweden, Norway, Finland, Denmark) with its affinity to plastics will drastically reduce transportation and boost the distribution of egeplast added-value pipes. In addition to egeplast, the previous owner, Treac AB, a family controlled investment company from the Skelleftea region, will keep a 25-percent stake in Extena. Extena will continue to be managed by its Managing Director, Peter Falk.
About egeplast:egeplast international GmbH is a highly innovative manufacturer of plastic pipe systems which has set standards for decades. System solutions by egeplast are applied in the areas of drinking water and gas supply, cable protection for electricity and fibreglass, sewage disposal, the industry as well as irrigation/watering. Customers in more than 30 countries have come to trust in quality products and consulting solutions provided by egeplast.
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