RDM Group Acquires Fiskeby Board Mill
The Swedish company produces high-quality recycled cartonboard, used primarily in the food end-market packaging applications
RDM Group has signed an agreement to acquire Fiskeby, a producer of packaging board made from 100% recovered fiber, with one manufacturing facility in Sweden. RDM believes that Fiskeby is well-positioned to benefit from the plastic substitution trend, offering in-house extruding and laminating capabilities ready for the development of new products.
Fiskeby was founded in Norrköping, Sweden, in 1637 as one of the first paper manufacturers in Europe. Today it‘s the only company in Scandinavia to manufacture packaging board made of 100% recovered fibre. The mill’s primary product is multiboard, an eco-friendly, value-for-money packaging board, developed for the food and beverage, and household products markets. Fiskeby is the only board mill in Scandinavia with the ability to use liquid packaging board and other plastic-coated fiber-based packages as raw material and also produces renewable energy from industrial waste collection and the waste generated by the recycling process at the mill, avoiding the use of fossil resources and reducing CO2 emissions. The capacity of the mill is 170.000 tonnes per year. Fiskeby’s predominant geographic markets are Sweden, Germany and UK.
Michele Bianchi, CEO of RDM Group, stated: “The acquisition we are announcing today demonstrates RDM Group’s commitment to growing its market share in the recycled board market, to enhance the security of supply and to be able to serve pan-European customers in a multi-mill reinforced approach. We believe our recycled board offering is answering to the societal request to use more responsible recycled materials. Our reusable, recyclable and biodegradable product portfolio responds to societal trends with respect to the environment and the need for everyday essential packaging solutions.
After couple of years of disruptive events, we are experiencing a major shift in economic trends and solution requirements, and our acquisition demonstrates the Group’s affirmative belief that fibre-based materials will continue to grow over the long-term”.
The transaction is expected to close by the third quarter, subject to anti-trust clearance.
Source: RDM Group