Palmako and Imprest join forces to develop new products and markets
Two subsidiaries of the Lemeks Group, AS
Imprest and AS Palmako, are to become one company by the end of the year.
Uniting the companies will create synergy in both product development and sales
and customer support processes.
decision of the annual meeting of shareholders, AS Imprest will become a
subsidiary of AS Palmako. The planned consolidated turnover of the joined
companies for 2015 is more than 50 million euros, and together they employ
almost 400 people. Bringing them together will boost their investment
capabilities and enable them to approach product development in an even more
is Europe’s leading producer and exporter of garden homes made from planed
timber. Its product range is wide – from classic garden homes through carports
and tool sheds to children’s play houses and pavilions. In addition to these,
glulam products and heating granules are also manufactured by Palmako. Imprest
is the leading manufacturer and marketer of garden products made from machine
rounded and pressure treated timber. Its product range includes fence posts and
poles, garden elements and panels, children’s playgrounds and garden furniture.
Both companies export more than 90% of their products, mainly to other European
and Imprest have been operating on the same markets for many years, and their
clients have often been the same. As such, linking the companies permanently
was the logical next step. As one company they will be able to offer clients an
even wider range of products from one place with more flexible supply terms.
Both trademarks – Palmako and Imprest – will be retained.
the two are sister companies, cooperation between them has been close, but
bringing them together will enable an even greater contribution to product
development with the aim of covering the entire garden timber range, and
development of the sales network on current and future target markets.
the companies will not lead to any major changes in how they operate. On the
contrary, in the future it will be quick and easy to order all of the products
from the same place at the same time, and by uniting the two’s skills, both
specialist knowledge and know-how in various fields will be boosted.
|'Jennifer' garden house (Palmako)
||'Boss' paly set (Imprest)