November 1, 2023
Sweden Timber completes the acquisition of Stora Enso’s biocomposite business
“This will be another step in our plan to continue growing and developing the company,” says the group’s owner Mikael Arvidsson.
Through the acquisition, Sweden Timber expands its existing product portfolio containing paper and sawn wood products with wood fiber composite. The business was started in 2018 by Stora Enso and is today a global supplier to those who wish to replace traditional plastic with a more environmentally friendly alternative.
Sweden Timber has for a long time been the main supplier of fiber raw material for the biocomposite. With the acquisition, a long-term supply of raw materials for the biocomposite production is secured with opportunities to grow.
We look forward to continuing to drive innovation and growth together with the team by ensuring quality and products that create value for our customers.
Stora Enso and the team have done a fantastic job developing the products within biocomposite, where 1kg of wood fiber replaces 2kg of oil. We look positively on the future, there are endless plastic products that can be replaced with our more environmentally friendly alternative for one sustainable future, for real.