We are assisting HOK-Elanto in the sale of the business operations of Kodin Terra Tuusula to Stark Suomi Oy. In connection with the sale, Stark and HOK-Elanto also entered into a local bonuspartner agreement. The personnel working at Kodin Terra Tuusula will transfer to Stark at the closing of the deal.
‘HOK-Elanto has been looking at alternatives for developing hardware store services in the Helsinki Metropolitan Area for a long time. The sale of Kodin Terra Tuusula and local bonuspartner agreement will enable us to provide our customer-owners an even more extensive offering for construction in our entire operating area. Moving forward in line with its strategy, HOK-Elanto will focus primarily on the development of food and drink services both in brick-and-mortar locations and online in the Helsinki Metropolitan Area. Everyone at Kodin Terra Tuusula has done great work, and I would like to thank them for their efforts’, says HOK-Elanto’s CEO Veli-Matti Liimatainen.
HOK-Elanto is one of the largest regional cooperatives in the S Group. HOK-Elanto operates approximately 340 locations and employs approximately 6,000 people.
Stark Suomi Oy is Finland’s leading building materials supplier chain for professionals and has long-term expertise of the construction sector in Finland. Stark Suomi Oy is part of the Danish Stark Group, which dates back to 1868. Stark Suomi Oy employs approximately 1,000 people, and Stark Group approximately 10,000 people in Northern Europe.
3.11.2021
HOK-Elanto – Sale of Kodin Terra Tuusula
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