Brief: Orthex Sells Its Snow Toy Business To Wiitta
15/06/2021 08:32
June 15 (Reuters) - Orthex Oyj ORTHEX.HE :
* ORTHEX CORPORATION HAS SOLD ITS SNOW TOY BUSINESS TO
WIITTA OY -
SLEDS FAMILIAR TO FINNS WILL CONTINUE TO BE MANUFACTURED IN
FINLAND
* PARTIES HAVE AGREED NOT TO DISCLOSE AMOUNT OF TRANSACTION.
* PRODUCTION OF SNOW TOYS WILL BE TRANSFERRED TO WIITTA OY
IMMEDIATELY AND WIITTA WILL START MANUFACTURING SLEDS, SLIDERS
AND SNOW SHOVELS ALREADY FOR NEXT WINTER SEASON
* CONTRACT DOES NOT INCLUDE ANY TRADEMARKS
Source text for Eikon: ID:nWkrb00wZG
Further company coverage: ORTHEX.HE
(Gdansk Newsroom)
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