Sweden's Tenova Bioplastics AB acquired by renewable packaging provider

摘要

BILLERUD, a leading European sustainable packaging solutions provider, has acquired Tenova Bioplastics AB, a Swedish innovation company based in Norrkoping that produces compostable carrier bags made of bioplastic. Tenova has sales turnover of SEK 35 mln (approx. US4 mln) and is a market leader in production of bioplastic-based compostable bags. "Bioplastic will be a good complement to paper for renewable packaging, and in the long term the combination of paper with barriers made of bioplastic will be a highly attractive alternative for many different types of packaging. The acquisition strengthens our product offer in the consumer sector, which is less sensitive to the economic cycle," says Per Lindberg, CEO of Billerud.