Kapag's owner and manager Alexander Meyer acquired a majority stake in Oppboga from the company's owner Lennart Larsson.
Swiss paper and board converting and finishing company Kapag Karton + Papier took over Sweden's Oppboga Bruk. At the company's sole site in Fellingsbro, Oppboga manufactures virgin fibre-based multiply paperboard for signs, displays and luxury packaging.
The two company's are both serving niche markets. Together they would be better able to respond to the changing market environment, said Kapag. The transaction was completed in mid-July.
Kapag's shares are held by the family-run holding company Ecovest Holding, which is fully owned by Kapag's managing director Alexander Meyer. Meyer is also the new majority shareholder of Oppboga Bruk. Oppboga's managing director Andrew Robinson is the new minority shareholder of Oppboga Bruk.
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