Helsinki, Finland – Telko Ltd, a leading distributor of raw materials, has taken a significant step forward in its strategic expansion by signing an agreement to acquire shares of Estonian company Mentum AS on October 26, 2021. This move reinforces Telko's position as a key player in the Baltic Sea region and strengthens its long-standing partnership with Castrol.

Mentum AS, an established strategic distribution partner of Castrol in the Baltic countries, operates in the premium lubricants sector, serving automotive, industrial, and marine businesses. The acquisition of Mentum aligns perfectly with Telko's lubricant business strategy in the region, bringing together two industry leaders to provide enhanced solutions and services.

The collaboration between Telko and Castrol has a rich history dating back to 1958. With this acquisition, their partnership will extend its footprint to cover not only Finland and Scandinavia but also the Baltic countries, creating a unified force in the lubricant industry.

One notable outcome of this acquisition is the expected increase in Telko's sales by approximately 10 million euros. While this is a significant development for the company, it is projected to have a minimal impact on Telko's profitability in 2022, ensuring stability and continued growth.

The acquisition of Mentum AS represents Telko Ltd's strategic commitment to expanding its presence in the lubricant sector and strengthening its partnerships, ultimately benefiting its customers by providing a wider range of high-quality lubricant solutions.

As Telko and Mentum join forces, they look forward to delivering even greater value to their clients and maintaining their position at the forefront of the lubricant industry in the Baltic Sea region.