”The transaction ensures excellent path forward for Plastiroll to continue growth and strengthen its core business segments. We are very pleased with our cooperation with Plastiroll management and employees. We are convinced that Walki, as a new owner, has the best capabilities to support Plastiroll going forward”, says Juhani Kalliovaara, CEO of Sponsor Capital.
“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’s CEO Kari Laukkanen is very pleased with the new owners and 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.”
Sponsor Capital is a Finnish private equity firm founded in 1997. The firm makes mainly majority investments in Finnish mid-sized companies that have an excellent management, stable market position and predictable cash flow. Sponsor Capital operates responsibly and long term as well as in a strongly profit-oriented mode and believing in management’s entrepreneurial spirit. Large Finnish institutions invest their capital through Sponsor Capital.
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 EUR 317 million.
Plastiroll, founded in 1983, develops and manufactures biodegradable and compostable materials for packaging applications. Roughly 40% of the 31 MEUR turnover is generated by export sales. Plastiroll employs around 90 people.Back to transactions