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Powder-Trans ownership is transferred to one family

2011/08/08

Powder-Trans Ab Oy has purchased the shares of the company´s stocks previously held by Haanpaa Group. This transaction brings the entire stock under the control of the Blomqvist family, who also founded the company.

In 2005, Powder-Trans merged with the dry bulk logistics business of what was then known as ADR-Haanpää.

This deal was a joint decision and it was finalized on August 4th. Both companies see the arrangement as beneficial because it enables them to focus on their core businesses. Powder-Trans only handles dry bulk logistics while Haanpaa specializes in liquids, and both remain leaders in their particular businesses in the Nordic countries.

– The circumstances are favorable to both parties. The competition in powder logistics is generally intense, and there are still remains of uncertainty after the recession. Powder-Trans wants to make a strong investment in dry bulk logistics, explains Deputy Managing Director Fredrik Blomqvist.

More information

Haanpaa Group
CEO Vesa Itkonen
tel. +358 20 754 8187

Powder-Trans Ab Oy
Deputy Managing Director Fredrik Blomqvist
tel. +358 20 779 2072

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