The latest investment of Folmer Equity Fund I Ky is an project supplier company Riihimäen Metallikaluste Oy (Rica) offering comprehensive product and service solutions.
With the latest transaction Folmer Equity Fund I acquires the majority of the shares of the company. Rica, founded in 1988, provides comprehensive product and service solutions for the large-scale industry and public & private sectors. Rica´s product and service portfolio consists, among others, of seats for public transportation, auditorium furnishing and heating systems. Rica´s headquarters is situated in Riihimäki, Finland. Company´s pro forma revenue from its latest accounting period was about 7 Meur.Rica´s former owner and Managing Director Mr. Aatos Hämäläinen continues his work to the end of the year 2011, when he will retire. Mr. Timo Tanni, Rica’s current CTO and co-owner & founding partner, will take Mr Hämäläinen´s role as Managing Director. Also the other key resources, co-owners & founding partners of Rica, will keep on their persistent work for company´s future success.