Peikko signed an agreement for the sale of its DSA and ARMATA® Punching Reinforcement production in Pennsylvania, USA, to SureBuilt on June 20, 2022. The business has a healthy annual turnover of $2.5M USD and Peikko's team of 20 employees will continue working for SureBuilt.
Peikko North America continues to sell DELTABEAM® products in both USA and Canada. The current orderbook is the highest in the company’s history, some $15M USD, and the business outlook remains strong. In addition to DELTABEAM® products, Peikko continues to sell precast connections on a project basis.
“While we have had a record order volume for our Punching Reinforcement business in North America, Peikko was not the right partner for this product line. As part of their existing portfolio of products, SureBuilt is more capable of developing these operations further. We are thankful to have served so many great customers over the past years but now we need to concentrate our efforts on DELTABEAM®", says Topi Paananen, CEO of Peikko Group Corporation.
Further information:
Topi Paananen, CEO, Peikko Group Corporation
Mobile +358 50 384 3001, email [email protected]
Dominic Lemieux, Vice President, North America, Peikko USA Inc.
Mobile +1 418 808 8007, email [email protected]
Peikko Group in brief
Peikko Group Corporation is a leading global supplier of slim floor structures, wind energy applications, and connection technology for precast and cast-in-situ construction. Peikko’s innovative solutions offer a faster, safer, and more sustainable way to design and build. Peikko has sales offices in over 30 countries in Asia-Pacific, Europe, Africa, the Middle East, and North America, with manufacturing operations in 12 countries. Peikko generated a turnover of EUR 255 million in 2021. Peikko is a family-owned and managed company that employs over 2,000 professionals. Peikko was founded in 1965 and is headquartered in Lahti, Finland. Further information: www.peikko.com.