Intera invests in Orthex – supplier of household plastic products
Intera Fund I, advised by Intera Equity Partners, invests in Orthex, the largest supplier of household plastic products in Finland. The previous owners of Orthex, Tiina and Kari Kallonen, will remain significant minority owners after the transaction.
The common goal of Intera and Tiina and Kari Kallonen is to grow and internationalize Orthex and thus create a leading North European supplier of affordable household products. Orthex’s CEO Kari Kallonen warmly welcomes Intera’s ownership.”Intera is a dynamic and growth-oriented partner who will help us develop and strengthen our position as a leading supplier of household products”, says Kallonen.
“Orthex is a well-managed company with a broad and well-known product portfolio. Orthex’s excellent customer relations are based on an efficient operational model and skillful employees. All in all, Orthex is in a great position to accelerate its growth”, says Martin Grotenfelt, Partner at Intera.
Oy Orthex Ab is a Finnish producer and marketer of household plastic products. Orthex’s products are versatile and affordable every-day household items. The family-owned company was established in 1956 in its current premises in Lohja, Finland. During the years, Orthex has grown from a small workshop to the largest producer of household plastic products in Finland. Orthex’s revenues in 2008 amounted to app. €12 million and it employed 90 persons.
Intera is a Finnish private equity firm that principally focuses on Finnish small and medium-sized companies that have not yet reached their full capacity and have excellent growth potential. Investors in Intera´s first fund, Intera Fund I, include leading Nordic institutional investors such as The Local Government Pensions Institution in Finland, Ilmarinen, The State Pension Fund in Finland and The Sixth Swedish National Pension Fund.
For additional information: Martin Grotenfelt, Intera Equity Partners, Partner, tel. +358 50 2145