History

The year is 1950...
Optimism, confidence and full speed ahead! Such is the mood in Sweden in 1950. Gone are the frustrating ration cards from the war years, even though the ration book is still around another five years. Welfare gets a significant boost and owning a car is now a dream that more and more people are able to realise. The Volvo PV444 becomes a symbol of the increase in prosperity.
In 1950, the Areskog family acquires Trelleborgs Skrotaffär AB, which will later become Areco.

HISTORY

Planning of the first Swedish motorway is under way, and the installation of the 17-kilometre stretch between Malmö and Lund takes place just a few years later. The County Administrative Board proclaims: “The road may only be trafficked by vehicles subject to registration and any trailer connected to such.” In other words, no cyclists or horse-drawn carriages on the motorway.

Sweden’s population passes the 7 million mark.

The countries of Europe, in ruins after World War II, are being rebuilt. Swedish industry, which is intact and can run at full speed, has considerable exports to the countries recovering from the war. In the outside world, big events take place in 1950, some which have effects felt even today. The French politician Robert Schuman launches a plan for a European cooperation that, inter alia, focuses on supranational control of the coal and steel production of France and West Germany. The embryo of the EU is created.

The Korean War breaks out when North Korean troops cross the border into South Korea at the 38th parallel. They were eventually driven back, but the Korean peninsula is still divided by this line.

In 1950, Lennart “Nacka” Skoglund signs a contract with FC Inter in Milan. 17-year-old Ingemar Johansson wins the heavyweight class at the Swedish Junior Boxing Championships.

In 1950, the Areskog family acquires Trelleborgs Skrotaffär AB, which will later become Areco.


Trelleborgs Skrotaffär

Trelleborgs Skrotaffär

1944
The privately owned company Trelleborg Skrotaffär AB is founded in Trelleborg.

1950
The Areskog family acquires Trelleborgs Skrotaffär AB. Bertil Areskog and his brother Bengt grow the company into one of the largest recycling and demolition companies in southern Sweden.

1954
The branch Metallexport AB is founded in Lund.

Bertil Areskog

Bertil Areskog

1958
Industriskrot AB is founded by Bertil Areskog, 500 metres from the current head office.

1974
A subsidiary of Industriskrot AB is founded to sell recyclable products, such as beams and machinery. A partnership is established with Thysells AB (now known as Ruukki) in Anderslöv. Industriskrot AB takes care of their scrap and product seconds, while at the same time becoming a reseller of their prime product range. This is the first step towards becoming a trading company in the construction industry.

Bertil, Peter & Stefan Areskog

Bertil, Peter & Stefan Areskog

1978-1980
Bertil Areskog’s sons, Peter and Stefan, begin working in the company. Peter builds up an international network for export while Stefan is responsible for local operations.

1989
The company changes name to Areco.

1993
Bertil Areskog leaves Areco and his sons take over the company. Peter Areskog is appointed CEO of Areco.

1995
Mälarplåt AB, which later becomes part of Areco, is acquired to become a reseller of steel and sheet metal products.

Areco in Poland

Areco in Poland

1997
Areco establishes its first factory for profiled roof and wall sheeting through a lease with its Polish partner Gama LG. A partnership with Asian steelworks is established, which becomes a cornerstone of operations.

Globax demolition

Globax demolition

1999
Start-up of a demolition department in Helsingborg, later Globax AB.
Areco acquires its polish partner Gama LG, which is renamed Areco Sweden. At the same time, Areco begins its own production of roof and wall sheeting in Malmö.

Old TP104 profiling machine

Old TP104 profiling machine

2000
Areco acquires Profilplåt AB in Kil and establishes contact with SSAB. Areco begins to transform from a trading company to a producer in the design and construction industry.

2001
Areco sells its recycling operations to Stena Metall AB, but retains its environmental and demolition contracting operations as part of the company Globax AB.

2004
Areco moves its production from Kil to new premises in Malmö. The operations are combined, with a new sales department that is given the name Areco Direct. The new department focuses on the sale of construction products, structural steel and reinforcement materials. In 2004, Areco’s turnover reaches SEK 100 million.

Areco in Malmö

Areco in Malmö

2005
Areco’s property in Malmö expands with the construction of a modern coil warehouse.

2008
Stefan Areskog leaves the company and Peter becomes sole owner of Areco.

2009
Areco moves its raw materials warehouse from Malmö to Helsingborg harbour to increase the warehouse’s capacity.

2010
Areco acquires a company in Kragerö, Norway.

Areco's reception in Malmö

Areco's reception in Malmö

2012
Areco invests SEK 100 million in a factory for production of its proprietary roof drainage system. The products are launched under the name Caracol, inspired by a famous waterfall in Brazil.

2013
Areco builds a new head office in Malmö to effectively manage the company’s big expansion.

2014
Areco develops its own Swedish distribution channels under the name Areco Direct. As part of the development, Lundberg & Kullberg AB and Tonito Plåtgrossisten AB are acquired. In 2014, Areco Direct has eight shops in Sweden. Areco Contractor expands through the acquisition of Nordisk Specialhåltagning AB and Nilssons Mark och Diamant AB. Areco Profiles also grows through the acquisition of Dansk Profilteknik, which produces roof and wall sheeting for the Danish, German and Norwegian markets.

2015
The company is divided into the parent company Areco Steel and the five divisions – Areco Metals, Areco Profiles, Areco Direct, Areco Contractor and Areco Properties. All of the subsidiaries are owned and marketed by the parent company Areco Steel. The Group produces approximately 6.5 million square metres of roof and wall sheeting and handles about 100,000 tonnes of steel. In 2015, Areco achieves a turnover of over SEK one billion. The wholesaler E’Ton in Gothenburg is acquired.