AVK acquires the Norwegian producer of manhole covers, Furnes Jernstøberi
We are pleased to announce the completion of the acquisition by AVK of 100% of the shareholding in the Norwegian company Furnes Jernstøberi A/S. 01-04-2019
Furnes Jernstøberi A/S (Furnes) has its main location in Stange, Norway and a yearly consolidated turnover of NOK 300 mio. (30,6 mio. €). Furnes also consist of the Danish company Randers Jernstøberi A/S located in Randers, Denmark.
Furnes was founded in 1958 in Brumunddal, Norway and has during the years expanded to become a leading foundry for ductile-, and grey cast iron manhole covers, sold primarily in Scandinavia. The product range manufactured by Furnes will complement the AVK range of products, and the modern casting technology of Furnes will further add foundry competences to the AVK Group and generate synergies with the existing foundries in China and Australia.
Furnes will continue to operate as a separate company under the present management.
We welcome Furnes to the AVK Group.