Stora Enso acquires Swedish cellulose technology firm

Stora Enso acquires Swedish cellulose technology firm

6:49 AM, 30th October 2018
Stora Enso logo

HELSINKI, FINLAND: Stora Enso Oyj has acquired full ownership in Cellutech AB, a Sweden-based company. Cellutech specialises in the development of new materials and applications based on cellulose, micro-fibrillated cellulose (MFC) and other wood-based components.

The acquisition of Cellutech supports Stora Enso’s vision of replacing fossil-based materials with renewable ones originating from wood. The acquired company works, among others, in the areas of foams for packaging and hydroponics where the markets are continuously growing. Cellulosic foams can, for example, be used in packaging to replace polystyrenes which are the most widely used plastics.

“The acquisition of Cellutech will add a new dimension to our fibre and cellulose capabilities particularly in lightweight cellulose foams and spheres. We are investing in technologies and expertise that will further broaden application development competence in Stora Enso’s Biomaterials Division,” said Markus Mannstrom, EVP, Stora Enso Biomaterials.

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