Algol Group structure

The Group comprises six business units: Algol Chemicals, Algol Diagnostics, Algol Technics, Algol Trehab, Histolab Products and Suomen Unipol (ownership 75 %).

The Board of Directors of the parent company Algol Oy is responsible for the governance of the entire Group and the appropriate organisation of its operations. The Board focuses on issues related to its ownership strategy, financing and the use of Group resources.

The parent company is also responsible for the Group’s shared functions. These include, for example, financial administration, property management, ICT, corporate responsibility, the Group’s internal and external communications, and the Algol brand.

The implementation of good corporate governance at Algol is supported by the Group’s Code of Business Conduct.

Ownership

Algol is a Finnish family business. The Bargum family owns 100% of all company shares. The three largest shareholders own 98% of the shares.

Supervisory Board

Kaj Hedvall, Chairman of the Board
D.Sc.(Econ.), M.Sc.(Tech.)

Alexander Bargum
LL.M.

Johannes Bargum
QBA

Kenneth Nystén
B.Sc. (Econ.), MBA

Kristina Pentti-von Walzel
MSc (Econ.), M.Soc.Sc.

Algol

Algol is a Finnish family-owned business and a multi-branch company, which has been active in international trade since 1894. The Group comprises Algol Chemicals, Algol Diagnostics, Algol Technics, Algol Trehab, Histolab Products and Suomen Unipol.

The basis of our operations

Trading involves responsibility for customers, suppliers, employees and society as a whole. We believe that international trade promotes global understanding, peaceful coexistence and stability.

Corporate governance

The Group comprises six business units: Algol Chemicals, Algol Diagnostics, Algol Technics, Algol Trehab, Histolab Products and Suomen Unipol.

Financial information

The Algol Group’s business continued to develop favourably in 2023. Although consolidated net sales decreased to EUR 208 million, mainly due to declining raw material prices, the operating profit increased to EUR 12.3 million and all Group companies surpassed their budgeted target.

History

Algol was established in Helsinki in January 1894 as an agency business supplying Finnish industry with metals, industrial chemicals and building materials.