Investment in PartnerPlast AS

Investinor AS (49%), Salvesen & Thams AS (25%), Norsk Mineral AS (19%) and Oskar Invest AS (7%) have jointly established PartnerPlast Holding AS, which in turn has acquired a 100% stake in PartnerPlast AS. The investment has been made in order to help finance the company’s further growth.

PartnerPlast AS is located in Åndalsnes. The company supplies advanced equipment to the international seismic industry. PartnerPlast is market leader in the design, construction and rotation-casting of plastic, and an important manufacturer and supplier of offshore and seismic equipment and other industrial products. The company posted sales of NOK 115 million in 2013, and employs 35 staff.

“The company’s strategy focusing on seismics, offshore and industry will remain unchanged,” explains newly elected Chairman Bjørn M. Wiggen. “The owners have identified promising development opportunities in a number of areas, and by injecting new equity and expertise wish to help to realise the company’s ambitions.”

“Investinor has been eyeing up PartnerPlast for some time now, which it regards as a strong company with the potential to generate significant further growth, both organically and through acquisitions. Investinor wishes to help ensure that PartnerPlast’s growth strategy succeeds,” comments CEO, Geir Ove Kjesbu.

PartnerPlast was previously owned by Norsk Mineral AS and Oskar Invest AS.

“We have helped to develop PartnerPlast into a leading player within its market segment,” explained Norsk Mineral AS CEO Kyrre Olaf Johansen. “We are delighted to have a new shareholder on board who can help propel the company to the next level.”

PartnerPlast CEO Tom Samuelsen is looking forward to working with the new owners: “In Norsk Mineral and Oskar Invest, we have already had strong and pro-active owners, and we are delighted to be able to attract professional investors like Investinor and Salvesen & Thams. I’m looking forward to helping the company develop further both geographically and product-wise.”

If you require further information, please contact:
Chairman Bjørn M. Wiggen, tel. +47 47 82 09 37
CEO Tom Samuelsen, tel.:+47 90 14 08 45


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