Tulikivi bought Kermansavi
Now what are these companies, you might ask. Tulikivi is the world’s biggest industrial soapstone fireplace manufacturer. Kermansavi is a big domestic (Finland) maker of tile fireplaces. For log home enthusiasts, fireplace is often the heart of the whole log home. Therefore this acquisition is of interest.
From business point of view, this move from Tulikivi is brilliant. They bolster their home market standings and quite possibly improve profitability. Moreover they get new interesting fireplace and stove models into their product slate. Tulikivi will also strengthen its global presence with this deal, but I’m afraid that it will take a while to seamlessly integrate the two businesses, so wait for a while, before rushing to your local Tulikivi dealer.
Only loser in this deal is the glassware side of Kermansavi, Tulikivi will not have any use for them, so it is likely to be sold off, although Tulikivi management didn’t disclose any such remarks. However, we all know that nowadays companies like to stay focused on their main business.
