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Rautaruukki Oyj (HEL:RTRKS) Rautaruukki Corporation Stock exchange release 30 December 2008 at 14.25
Rautaruukki Corporation has acquired the entire share capital of the Lithuanian steel frame company Gensina from the company's private owners. The transaction was approved today 30 December 2008.
Gensina is active within the production and assembly of steel frames. The company's customers are international and local investors and construction firms in Lithuania. Gensina has 82 employees and its net sales in 2007 were around EUR 9 million.
The acquisition furthers Ruukki's frame and envelope project management business in Lithuania and the other Baltic states, and also strengthens Ruukki's manufacturing network serving the Baltic states.
For further information, please contact: Guntis Duks, Baltic Sales Director, Ruukki Construction, tel: +371 6704 4930, guntis.duks@ruukki.com
Rautaruukki Corporation
Anne Pirilä SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 26 countries and employs 15,000 people. Net sales in 2007 totalled EUR 3.9 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki.
DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com
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