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BHP Law advise Peikko Group on new acquisition

25th November 2013

The Business & Company law team at North East multi-disciplinary law firm BHP Law has advised on the acquisition of the business and assets of Metalscreed UK Limited by Peikko Group for an undisclosed sum. Peikko Group’s purchase of the UK based flooring product specialist, Metalscreed sees it now become the leading player in systems and accessories for Industrial concrete floors.      

Peikko has had industrial floor joint products since the 1990s, with the biggest launch of its current TERA Joint product portfolio some years ago. Metalscreed´s current portfolio fits perfectly into Peikko´s portfolio, particularly the UNIRAIL Screeding Systems and METAFORM Joint Systems and employees of Metalscreed will continue to work at Peikko.   

“Metalscreed’s current products and the patents for future products will bring significant increase in Peikko's flooring product sales in 2014. We are pleased to get on board specialists with deep knowledge of the flooring industry”, says Topi Paananen, CEO of Peikko Group.    

BHP Law’s Gary Copeland led the legal advice to Peikko Group and was praised for his speed and efficiency in advising on the transaction. The transaction required a great degree of care and consideration in making sure the Finland based Peikko Group were fully aware of the implications surrounding the acquisition as well as the interpretations of English law.   

Peikkos Group Legal Adviser Juhani Siira said “We would like to thank our professional advisers for the supportive way in which the transaction was handled. Gary Copeland and the team at BHP Law played an important role in and we have been delighted with the service they have provided.”  

Gary Copeland, lead adviser at BHP said, “Our aim was to help ensure that the acquisition was brought to a successful conclusion within the required timescales. We were delighted to assist Peikko Group and will continue to support them wherever possible through this exciting period of growth."

If you think our Business and Company Law team could help you with your next business matter, contact us now at your local office in Newcastle, Darlington, Durham and Stockton in Teesside, or email us your enquiry to info@bhplaw.co.uk