Estonia, EU – Baltic States, Good for Business, Investments, Markets and Companies, Mergers and take-overs

Finlayson's retail stores in Finland will stay in Finlayson's ownership. Finlayson belongs since 1999 to CapMan investment fund.

Peter Hunt, council chairman of Wendre that manages five production units in Estonia, Poland and China now, said that the transaction enables the concern to fortify its position as the region's leading producer and enter the retail market for the first time. "The Finlayson trademark Familon has in Finland a very long-term and strong position, especially regarding textiles design," noted Hunt. "If we add our concern's strong financial side, innovative high-tech production and development and export markets, we get a model that complements each other, of which the whole Scandinavian and European home textiles market will benefit," said Hunt.

Familon blankets and pillows are produced in Kankaanpää, Finland; it employs 45 people.

In Heinola, Finland, Familon upholstery, beds and mattresses production takes place. The plant employs 60 people. Finlayson has a total of four stores in Estonia, 2 in Lithuania and 5 in Russia.

In late May, Hunt bought from Mainor its beds and mattresses manufacturing subsidiary, Tarmel Furniture in Estonia.

Wendre, that belongs to the Trading House Scandinavia AB group is one of Europe's largest manufacturer of pillows and blankets, the group employs more than a thousand people, and the company's turnover amounts to 100 million euros.