AVK acquires Furnes Jernstøperi, a Norwegian producer of manhole covers
We are pleased to announce AVK’s acquisition of 100% of the shareholding in the Norwegian company Furnes Jernstøperi AS. 04-04-2019
Furnes Jernstøperi AS (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.
From left Oddbjørn Maurdalen - Managing Director of Furnes Jernstøperi, Lars Kudsk - CFO AVK Group, Harald Rune Øyhovden - Chairman of Furnes and family representative, and Morten Sæderup Nielsen - AVK Group Director.