Ulstein Betongindustri As

What Ulstein Betongindustri As does

Ulstein Betongindustri AS is a Norwegian family-owned concrete and construction materials group headquartered at Eiksundvegen 99, 6064 Haddal, Norway. Founded in 1955 as Moldskred Knuseverk and restructured into its current holding-company form in 2013, the group is the parent of six wholly-owned subsidiaries and holds a 50% stake in Standal Knuseverk AS, with a consolidated workforce of approximately 80 employees. The business produces ready-mix concrete, prefabricated floating concrete structures (notably feeding pontoons and other units for the aquaculture and maritime sectors), ReCon retaining wall systems under license from the United States, crushed aggregates from its own quarry, and offers contractor, crane, and transport services alongside limited property development. All production and quarrying occurs in Norway, with the customer base concentrated in northwest and central Norway.

The group's most differentiated offering is its marine/floating concrete line: a purpose-built dry-dock facility supports serial production of floating concrete elements, and since 1988 the group has delivered more than 200 such objects, including over 130 aquaculture feeding pontoons. ReCon retaining wall blocks are produced under license, broadening exposure to infrastructure and landscaping demand. The group holds triple ISO certification (9001 quality, 14001 environmental, 45001 occupational health and safety), uses HVO100 biodiesel in its transport fleet, sources 99% recycled steel reinforcement, and offers CO2-absorbing concrete variants — positioning the offering for buyers with ESG or embodied-carbon procurement criteria.

The business model is sales-led and direct: revenue is generated through unit sales of concrete, aggregates, and prefabricated elements, contract work on construction and marine projects, and ancillary crane/transport services across B2B segments including aquaculture operators, maritime contractors, construction firms, and property developers. FY2022 revenue was NOK 180.9 million against a total balance of NOK 222.3 million. No external funding rounds, public listing, or M&A transactions beyond the Standal Knuseverk JV are disclosed, and ownership has remained within the founding Moldskred family.

Name

Ulstein Betongindustri As

Legal name

Ulstein Betongindustri AS

Website

https://ulsteinbetong.no

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Ulstein Betongindustri AS is a Norwegian family-owned concrete and construction materials group producing ready-mix concrete, floating marine concrete structures, ReCon retaining walls, and aggregates for aquaculture, maritime, construction, and property development customers across northwest and central Norway.

Ownership category

akta.pro rank

Product category

Concrete and Construction Materials

NAICS

Ready-Mix Concrete Manufacturing (32732), Concrete Pipe, Brick, and Block Manufacturing (32733), Other Concrete Product Manufacturing (327390), Poured Concrete Foundation and Structure Contractors (23811)

SIC

Concrete Products, Except Block & Brick (3272), Heavy Construction Other Than Bldg Const - Contractors (1600), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Ready-Mix Concrete Production & Delivery (IMADAAAA)

akta.pro secondary industries

Concrete Pipe, Box Culverts & Drainage Structures (IMADAAAD), Port & Harbor Construction (Quays, Wharves, Berths) (IMAFAJAA)

Keywords

• Ready-mix concrete
• Floating concrete pontoons
• Marine concrete structures
• Construction aggregates
• Concrete contractor services

Headquarters

HQ city

Haddal

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Ferdigbetong (Ready-mix concrete): Production and delivery of ready-mix concrete from own mixing plant in Haddal, operational since 1965. Wide range of concrete qualities for various construction projects.
2. Flytande betongkonstruksjoner (Floating concrete constructions): Production of floating concrete pontoons and marine structures for aquaculture, maritime, and coastal applications. Includes feeding pontoons for fish farming, fast boat docks, floating piers, and wave breakers.
3. Recon Støttemur (Retaining walls): Production of Recon retaining wall blocks under license from ReCon Wall Systems, Inc (USA). Capacity of 9-10,000 blocks per year (4-5,000 sqm).
4. Pukk, singel og sand (Aggregates): Own quarry at Kvalneset producing crushed rock, grit, sand, and natural stone. Concession allows extraction from a 120 daa field with estimated extraction of approximately 1,500,000 m³ solid rock.
5. Entreprenør (Contractor services): Complete construction and excavation services including groundwork and concrete work for private, commercial, and public projects.
6. Kran og transport (Crane and transport): Modern fleet of tip trucks, trucks with cranes, and tractors for efficient transport and lifting services across Nordvestlandet and Trøndelag.
7. Utbygging og eigedom (Development and property): Development and sale of commercial and residential properties in the region, including plots and housing projects.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Ulstein Betongindustri AS produces and delivers ready-mix concrete from its own batching plant in Haddal (operational since 1965), manufactures specialized floating concrete constructions (pontoons, feed barges, docks, wave breakers) in its own dry dock, produces Recon retaining wall blocks under license, operates a quarry producing aggregates, and provides construction, excavation, crane/transport, and property development services in northwest Norway.

Product overview

Ulstein Betongindustri AS operates as a parent company for a conglomerate of six wholly-owned subsidiaries plus 50% ownership in Standal Knuseverk AS. The product portfolio centers on ready-mix concrete (Ferdigbetong), floating concrete marine constructions (Flytande betongkonstruksjonar), Recon retaining wall systems, aggregates (Pukk, singel og sand), crane and transport services, property development, and contractor services. The company is Norway's largest and most sustainable producer of concrete floats for the aquaculture industry with over 200 floating concrete objects delivered since 1988. Production is entirely based in Norway at their Haddal industrial site in Ulstein Municipality.

Differentiator

Problem solved

Functional benefit

Brands

• UBI: Abbreviation for Ulstein Betongindustri, used as the group name.

Products and services

• Ferdigbetong (Ready-Mix Concrete) Ready-mix concrete delivered from the company's own batching plant in Haddal, serving projects of all sizes with various concrete qualities including sprayed concrete and moist concrete for residential, commercial and public construction projects.
• Flytande betongkonstruksjoner (Floating Concrete Constructions) Marine concrete constructions including feed barges (over 130 delivered) and custom hull floating concrete constructions for aquaculture, harbors, and maritime applications, produced in the company's own dry dock in Haddal with structures up to 20m x 80m and hulls over 4 metres deep.
• Recon Støttemur (Recon Retaining Wall Blocks)

Quantifiable outcome

• Over 200 floating concrete objects delivered since 1988
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ReCon Wall Systems, InccoreOEM/ Whitelabel/ Licensing PartnerReCon Wall Systems, Inc in USA licenses the production of Recon retaining wall blocks to Ulstein Betongindustri AS. Ulstein produces Recon blocks with high-quality concrete, dimensioned for heavy retaining walls, with annual production capacity of 9-10,000 blocks (4-5,000 sqm). The blocks are produced with Limestone facade structure.
• Standal Knuseverk ASminorOthersUlstein Betongindustri AS owns 50% of Standal Knuseverk AS located in Ørsta municipality. This represents a partial ownership in aggregate production.
• Ulstein Betong AS (UB)coreOthersWholly-owned subsidiary within the Ulstein Betongindustri consortium, part of the group restructuring from 2013.
• Ulstein Betong Marne AS (UBM)coreOthersWholly-owned subsidiary within the Ulstein Betongindustri consortium, part of the group restructuring from 2013.
• Ulstein Entreprenør AS (UE)coreOthersWholly-owned subsidiary providing contractor services, part of the group restructuring from 2013.
• Ulstein Kran og Transport AS (UKT)coreOthersWholly-owned subsidiary providing crane and transport services, part of the group restructuring from 2013.
• Ulstein Knuseverk AS (UKV)coreOthersWholly-owned subsidiary operating the quarry and aggregates production, part of the group restructuring from 2013.
• Ulstein Betong Utbygging AS (UBU)coreOthersWholly-owned subsidiary handling property development, part of the group restructuring from 2013.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Ølen Betong AS: Regional concrete producer based in western Norway, overlapping with Ulstein's geographic footprint. Comparable in ready-mix concrete delivery, precast products, and construction services.

Direct peers

• Unicon AS: Norway's largest producer of ready-mix concrete, part of Heidelberg Materials. Operates the same core product (ready-mix concrete) with national coverage and overlapping customer segments in construction and infrastructure.
• Franzefoss Minerals AS: Norwegian producer of aggregates (crushed stone, gravel, sand) for construction and infrastructure. Directly comparable to Ulstein Knuseverk's aggregates operations and competes for the same regional supply contracts.
• Feiring Bruk AS: Norwegian aggregates and ready-mix concrete producer with quarries and plants across eastern and central Norway. Comparable vertically integrated model combining aggregates, ready-mix, and concrete products.
• Spenncon AS: Leading Norwegian producer of precast concrete elements including beams, slabs, and structural components. Comparable in concrete product manufacturing for construction and infrastructure applications.
• Aaltvedt Betong AS: Norwegian concrete products manufacturer including retaining wall blocks, pipes, and precast elements. Direct overlap with Ulstein's Recon retaining wall and concrete product offerings.
• NorBetong AS: Norwegian precast and ready-mix concrete producer with multiple plants across Norway. Closely comparable in product mix (ready-mix and concrete elements) and customer base (construction contractors and developers).

Others

• AKVA Group ASA: Leading global supplier of aquaculture equipment and services. Comparable end-customer base (Norwegian fish farmers) that purchases Ulstein's floating concrete pontoons and marine structures.
• Mapei AS: Norwegian subsidiary of global construction chemicals and concrete admixture manufacturer. Comparable as a supplier/enabler into the concrete value chain and serves the same construction and infrastructure customers Ulstein targets.

Emerging players

• Storm Aqua AS: Norwegian supplier of equipment and infrastructure for the aquaculture industry, including floating solutions. Comparable in serving the same Norwegian salmon farming customers with marine infrastructure, though Storm Aqua typically focuses on HDPE/cage systems rather than concrete.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ulstein-betongindustri-as

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ulstein Betongindustri As