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A sign of the times? Finnish Martela to acquire used furniture operations

Thursday 24 June 2010

Finnish office furniture maker Martela Oyj said today that it agreed to acquire the used furniture business, operating under the name Martela Poistomyynti, of office furniture recycling and sales company Pa-Ri Materia Oy.

The value of the deal was not disclosed.

Martela Poistomyynti employs 25 people and had revenue of EUR1.3m in 2009.

Under the deal, Martela Poistomyynti\' staff and outlets in the Helsinki area and Tampere, southern Finland, will be transferred to Martela.

Pa-Ri Materia (http://www.pari.fi) will continue to process furniture not suitable for reuse into usable waste, secondary raw materials for industry and for generating energy.

Since the founding of Martela Poistomyynti, Martela has worked closely with Pa-Ri Materia. At the beginning of 2010, the furniture maker opened an own used furniture outlet in Turku.

Martela said plans to expand its recycled furniture business elsewhere in Finland, too.

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