RDM Group has finalized the agreement for the acquisition of 100% of share capital of Fiskeby International Holding AB (“Fiskeby”), a producer of packaging board made from 100% recovered fiber, with one manufacturing facility in Sweden.
Fiskeby was founded in Norrköping, Sweden, in 1637, as one of the first paper manufacturers in Europe. Today it is the only company in Scandinavia to manufacture packaging board made of 100% recovered fibre. The mill’s primary product is multiboard, an eco-friendly 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 composite 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 thousandtonnes per year. Fiskeby’s predominant geographic markets are Sweden, Germany and the United Kingdom.
Michele Bianchi, CEO of RDM Group, stated: “The acquisition of Fiskeby demonstrates the long-term strategy that RDM Group has consistently put forward, inspired by sustainability, recyclability and circularity expressed in various fiber-based solutions. We are delighted to enlarge the Group and be leading the sector we operate in, to the benefit of our customers, employees and all other stakeholders”.
Source: RDM Group