John Nurminen Oy sells Fashion Logistics business operations to Finland Post. The business operations will transfer to Post´s Logistics business unit on 30 April 2005, and Fashionet Logistics´ personnel will be employed by the Post on the same employment terms as before.
The transaction will help John Nurminen to concentrate on its core business
areas in logistics. The company will carry out its growth strategy by
acquistions and by expanding its service concepts or creating new ones.
The acquisition will expand the Post´s Logistics services into a new area;
delivering clothes on racks with vehicles specially equipped for such
shipments. Additionally, it will support Post Logistics´ strategy of focusing
expansion on the Baltic Countries and Russia, which are becoming more
significant areas in fashion logistics.
The Fashion Logistics Unit forms part of the European Fashionet network
and had a turnover of EUR 9.3 million in 2004. The Unit has a staff of 44 in
Finland and 4 in Estonia. Fashion Logistics operates in Lahti in facilities of
13,800 m2 and in Tallinn in a 3,500 m2 logistics centre located in the
same building as the Post affiliate, Logia Estonia Oü, which provides
warehousing services.
Further information:
Managing Director Jan Lönnblad, John Nurminen Oy, tel. +358 10 545
2420
Administrative Director Kenneth Huomo, John Nurminen Oy, tel. +358 10
545 2598