Walki Group, headquartered in Espoo, Finland has signed a definitive purchase agreement to acquire 100 % of the shares of Plastiroll Oy, a Finnish sustainable packaging material producer. Financial terms of the transaction have not been disclosed.
Founded in 1983 and employing some 90 people, Plastiroll is one of Europe’s leading producers of biodegradable bags and films, with more than 25 years of experience in developing and producing compostable films. These products are marketed under the well-known brands, Bioska and Hauska. Plastiroll has two manufacturing facilities in Ylöjärvi, near Tampere, Finland, and generates a turnover of € 31 m. “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”, said Leif Frilund, President and CEO of Walki.
Walki Group is a leading manufacturer of technical laminates and protective packaging materials specialising in the production of fibre-based, intelligent multi-laminate products for markets as diverse as energy-saving facings and construction membranes to barrier packaging applications. The Group has production facilities in Finland, Germany, the Netherlands, Poland, the UK, Russia and China. The Group has a workforce of around 950 people. In 2018, the Group’s annual turnover was € 317 m.