2014
Rudus AS and Talot AS completed a transaction where Talot acquired the concrete products business of Rudus. In the course of the transaction, Talot acquired the entire Rudus’ concrete products business in Lagedi along with employees, production equipment, knowhow, contracts and property. Rudus will focus on the production and sale of ready-mixed concrete and granite gravel. The member of the management board of Rudus, Toomas Vainola, said that they were very pleased about this deal: “The other party to the transaction is a well-known and trustworthy Estonian manufacturer of construction materials who will continue our decades-long work. We believe that all clients will benefit from the created synergies and experience.”
Rudus was founded in 1994 based on the capital of the Finnish company Oy Rudus AB with the aim of offering high-quality concrete and granite gravel to the Estonian construction sector. From 1999, Rudus is part of the CRH plc group registered in Ireland. In 2013, the sales revenue of Rudus amounted to 26.7 million euros, of which the sale of concrete and concrete products constituted 57%.
Talot is a producer of construction materials based on Estonian capital and having more than 25 years of experience. Its products include concrete products, prefabricated concrete elements and ready-mixed concrete. In 2013, the sales revenue of Talot was 10.7 million euros.
