Walki Group has signed a definitive purchase agreement to acquire 100 per cent of the shares of Plastiroll Oy, a Finnish sustainable packaging material producer, from funds managed by Sponsor Capital and key personnel of the company.
“With this transaction, we will significantly broaden our offering of sustainable packaging materials including compostable bags and films as well as recyclable dispersion coated fibre-based packaging,” says Leif Frilund, President and CEO of Walki.
Plastiroll is one of Europe’s leading producers of biodegradable bags and films, with more than twenty years of experience in developing and producing compostable films. These products are marketed under the brands Bioska and Hauska. In addition, the company also has extrusion coating and printing capabilities.
Plastiroll’s CEO Kari Laukkanen sees this as a win-win situation. ”With Walki, Plastiroll becomes part of a significant international packaging materials company. This will enable further international growth.”
Plastiroll has around 90 employees across two manufacturing facilities in Ylöjärvi, near Tampere, Finland, and generates a turnover of 31 million euros.