Family Business, Faucet Company, Industrial Owner
Oras 1945-2015
Oras of Finland has grown from a small basement workshop into a leading manufacturer of faucets and one of Europe's most profitable. This is the success story of the Paasikivi family and their company. But the purview of Oras now extends far beyond faucet production. In the new millennium, the Paasikivis branched out into industrial ownership and acquired substantial holdings in Uponor, Kemira and Tikkurila, Finnish listed companies with major international operations. Oras Invest is now steering their long-term development. Timo Herranen PhD describes and analyses the history of Oras, the challenges faced and the difficulties overcome. At the same time, this book seeks to contribute to the worldwide debate on the role and potential of family companies.