Leading recycled cartonboard producer RDM Group has acquired Swedish Fiskeby board mill and has become the largest independent recycled board manufacturer in Europe. The Fiskeby mill’s primary product is multiboard, has an annual production capacity of 170,000 TPA and its predominant geographic markets are Sweden, Germany and the UK.
May 2, 2023
RDM Group has become Europe’s largest independent recycled board manufacturer after signing an agreement to acquire Fiskeby, a producer of packaging boards made from 100% recovered fiber, with one manufacturing facility in Sweden. RDM believes that Fiskeby is well-positioned to benefit from the plastic substitution trend, offering in-house extruding and laminating capabilities ready for the development of new products. The transaction is expected to close by the third quarter, subject to antitrust clearance.
Fiskeby is the only company in Scandinavia to manufacture packaging boards made of 100% recovered fibre. The mill’s primary product is multiboard developed for the food and beverage, and household products markets. Fiskeby is the only board mill in Scandinavia with the ability to use liquid packaging board and other plastic-coated fiber-based packages as raw material and also produces renewable energy from industrial waste collection and the waste generated by the recycling process at the mill, avoiding the use of fossil resources and reducing CO2 emissions. The capacity of the mill is 170,000 tonnes per year. Fiskeby’s predominant geographic markets are Sweden, Germany and the UK.
Michele Bianchi, CEO of RDM Group, stated: “The acquisition we are announcing today demonstrates RDM Group’s commitment to growing its market share in the recycled board market, to enhance the security of supply and to be able to serve pan-European customers in a multi-mill reinforced approach. We believe our recycled board offering is answering the societal request to use more responsible recycled materials. Our reusable, recyclable and biodegradable product portfolio responds to societal trends with respect to the environment and the need for everyday essential packaging solutions.”