RDM Group acquires Fiskeby Board Mill
RDM Group has recently signed an agreement to acquire Fiskeby, with its 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.
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 focuses on the 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. The capacity of the mill is 170,000 tonnes per year. Fiskeby’s predominant geographic markets are Sweden, Germany and UK.
Michele Biannci, CEO, RDM Group, stated, “The acquisition 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.”
The transaction is expected to close by the third quarter, subject to anti-trust clearance.