“Tana has been my passion for almost 30 years and has rewarded me in many ways. With my children’s passions elsewhere and our strong growth strategy requiring even more experience and capital, partnering with CapMan Growth was a perfect fit for my plans. It will be very interesting to continue to be part of the growth story in an industry that has huge growth potential and where our work is truly meaningful,” says Kari Kangas, Member of the Board of Tana.
“This investment will enable Tana to grow even faster than before. It is great to have such experienced investors and even more industrial expertise to support our growth story,” says Kalle Saarimaa, CEO of Tana Oy.
“I am really excited about this opportunity to team up with Aaro, Elo, the company’s operative management and the long-term owner Kari Kangas to develop Tana towards global market leadership. The recycling and reuse of materials is a rapidly growing industry globally, and during its long history the company has demonstrated its ability to innovate and grow profitably despite the recent turbulent operating environment,” says Tomi Alén, Partner at CapMan Growth in charge of the Tana investment.
Read more HLP commentary on the case Back to transactions