The Brotherus Family to become principal owners of Junttan 25.3.2010
The Brotherus family is becoming a majority share holder of the pile driving equipment manufacturer Junttan
Oy of Kuopio through stock purchase. The sellers are Pilomac Oy as well as Pentti Heinonen and Juha Heinonen,
the latter of whom is giving up a portion of his shares. Brotherus' ownership of Junttan increases to
90.1 per cent from 23 per cent after the purchase. Junttan will continue as an independent corporation as a
part of the Sinituote Group.
Sinituote is financially sound and its ownership will strengthen Junttan's balance sheet and stock significantly.
Junttan has done significant product and operations development during the past few years.
This new arrangement, respecting the family ownership background of both corporations, lays a foundation
for continuing cooperation. Maintaining the competitive edge is important at this stage when the markets
are rebounding from the recession.
Sinituote Oy is a manufacturer of household products in the Baltic region. The owner of Sinituote, Ilkka Brotherus,
has been a strong influence in the Finnish economy for the past several decades.
Brotherus purchased Sinituote in 1988, after which the turnover of the corporation has increased tens of times over,
and the share of international operations has increased to over 50 per cent. Junttan is a leading pile driving
equipment designer and manufacturer in the world, with about 90 per cent of their products exported.
- Sinituote is a leading manufacturer and marketer of household products for home and car cleaning and
clothing care in Scandinavia, and Junttan a leading pile driving equipment manufacturer. This is an example
of a globally operating corporation that manufactures its products in Finland and is successful.
Both corporations have strong brands, excellent product development as well as leading technical know-how
and high-quality design in their own fields. The sale brings sustainability, security, and stability to Junttan's
ownership and leadership, something the company has been looking for. We are now looking forward with
a decade-long perspective in development, comments Ilkka Brotherus, the Managing Director of Sinituote.
Pentti Heinonen, the founder of Junttan, where he has also done a significant portion of his life's work, supports
the decision and is selling his share to Sinituote Oy. His son, Juha Heinonen, will continue as a shareholder
and a member of the Board of Junttan.
The Managing Director of Junttan, Tommi Lindbom, considers that the ownership arrangements are only
positive: - The values of Sinituote fit together marvelously with those of Junttan. The success of the clients and
the suppliers, as well as the well-being of our employees have always been important to us.
The ownership arrangements provide continuity to Junttan together with respect for the traditions.
Even during the global recession, Junttan has not lost its market shares. We now have an opportunity to serve our customers as an even stronger company and develop domestic production.
Sinituote Oy is a leading household products manufacturer and marketer in Scandinavia. This family business is
owned by its Managing Director, Ilkka Brotherus. In 2009, the turnover of Sinituote Group was 43 million Euros
employing about 220 people. The equity ratio of the economically strong Sinituote is about 75%.
The most important trademarks of Sinituote Group are SINI, KUNGS, and RÖRETS. With SINI and RÖRETS brands,
the corporation manufactures durable, ergonomic and well‐designed housekeeping products.
Automotive product lines are under the KUNGS‐brand. Sinituote Oy has subsidiaries in Finland (Lundia Oy, Hydrocell Oy), in Sweden (Rörets Ab), and in Poland (Rörets Polska SP.ZO.O). The production units are in Finland and in Poland.
Junttan Oy is a Finnish corporation that specializes in the design, manufacturing, marketing, and maintenance of hydraulic pile driving machinery and equipment. Junttan's turnover in 2009 was 31 million Euros with about 110 employees.
Junttan is one of the few independent manufacturers in its field. Junttan was the first in the world to develop the concept of a completely hydraulic pile driver in 1979 and has been a leader in its field of pile driving ever since. Junttan's pile driving machines and equipment are used on all continents in 45 countries in total.