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.
This article is part of our free coverage on the packaging and board industry in Europe.
For full access to company news and in-depth market and price reports on major paper and board grades, raw materials and consumables consider subscribing to EUWID Pulp and Paper or start a three-week free trial.
