{"id":8840,"date":"2018-04-24T00:00:00","date_gmt":"2018-04-24T04:00:00","guid":{"rendered":"https:\/\/livingstagenew.wpenginepowered.com\/transaction\/building-sheet-group-areco-continues-nordic-expansion-acquires-finnish-sandwich-panel-manufacturer-tpe-spirit\/"},"modified":"2026-06-25T13:21:23","modified_gmt":"2026-06-25T17:21:23","slug":"building-sheet-group-areco-continues-nordic-expansion-acquires-finnish-sandwich-panel-manufacturer-tpe-spirit","status":"publish","type":"transaction","link":"https:\/\/livingstonepartners.com\/en\/transaction\/building-sheet-group-areco-continues-nordic-expansion-acquires-finnish-sandwich-panel-manufacturer-tpe-spirit\/","title":{"rendered":"Building sheet group Areco continues Nordic expansion \u2013 acquires Finnish sandwich panel manufacturer TPE Spirit"},"content":{"rendered":"\n<p><strong>Livingstone\u2019s Industrials sector team has acted as adviser&nbsp;to <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.areco.se\/en\/\"><strong>Areco<\/strong><\/a><strong> on the acquisition of <\/strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.tpe.fi\/en\/home\/\"><strong>TPE Spirit<\/strong><\/a><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.tpe.fi\/\"><strong>.<\/strong><\/a><strong> The acquisition is Areco\u2019s single largest investment to date and the first in Finland, which will help Areco access large market shares in the Nordics, Baltics and northern Germany. <\/strong><\/p><p>Areco&nbsp;is a privately owned industrial group founded in 1944 that has grown into one of the leading producers of building sheet. The company has made seven large-scale acquisitions in Sweden and Denmark in the last two years and has an annual turnover approaching SEK 2 billion. <\/p><p>The acquisition of TPE Spirit is Areco\u2019s single largest investment to date and constitutes the company\u2019s first move into the Finnish market. It opens up the opportunity to take large market shares in the Nordics, Baltics and northern Germany. The business will be integrated into the business, Areco Profiles, based in Malm\u00f6, which manufactures roofing, siding, and roof drainage products. <\/p><p><em>\u201cThe acquisition allows Areco to&nbsp;expand into a new market while&nbsp;strengthening its Nordic footprint. We are now represented with six factories in five countries, making Areco one of the key players in the building sheet segment. The goal is to become&nbsp;a leading sandwich panel supplier by delivering a quality product within a logistically advantageous location.\u201d<\/em>&nbsp;says <strong>Peter Areskog, Group CEO at Areco. <\/strong><\/p><p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.tpe.fi\/\">TPE Spirit Oy<\/a>, founded 2009, is one of the largest producers of sandwich panels in Finland. The production facility is located in Somero outside Turku and the company has 13 employees, and a planned turnover for 2018 of SEK 100 million. <\/p><p><em>\u201cLivingstone continues&nbsp;to be a long-term strategic&nbsp;adviser&nbsp;to Areco&nbsp;on the implementation of its growth strategy. It\u2019s exciting to see how the company is growing and the acquisition of TPE Spirit is an important milestone as it represents the entry onto the Finnish market,\u201d<\/em>&nbsp;says <a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/team\/bertil-karlsson\"><strong>Bertil Karlsson<\/strong><\/a><strong>, Partner at Livingstone. <\/strong><\/p><p>Livingstone was the exclusive financial adviser to Areco in the acquisition process. The transaction is the eighth in total where Livingstone has advised Areco, most recently following the acquisitions of&nbsp;<a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/construction-steel-group-areco-acquires-stockholm-based-wholesalers-liwa-gruppen-takhuset-sthlm\/\">Takhuset i Stockholm and Liwa Gruppen<\/a>&nbsp;&lpar;now Areco Direct&rpar; last year, and before that the acquisitions of&nbsp;<a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/livingstone-acts-as-advisor-to-areco-in-the-acquisition-of-eton\/\">\u00c9ton<\/a>&nbsp;and&nbsp;<a rel=\"noopener noreferrer\" href=\"https:\/\/livingstonepartners.com\/en\/transactions\/livingstone-acts-as-advisor-to-areco-in-the-acquisition-of-tonito-2\/\">Tonito<\/a>&nbsp;in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3387,"template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"client-type":[],"region":[],"sector":[],"service":[],"transaction-type":[],"class_list":["post-8840","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":{"team_members":[1215],"date":"20180424","client_type":40,"type":[1102],"region":[374,369],"services":[435],"sectors":[637,652,654],"related_transactions":"","related_testimonials":"","contacts":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Building sheet group Areco continues Nordic expansion \u2013 acquires Finnish sandwich panel manufacturer TPE Spirit - Livingstone Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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