FunderMax buys Norwegian kraft-paper manufacturer

07.02.2019 − 

The aim of the wood-based panel and laminates manufacturer FunderMax behind its acquisition of the Norwegian kraft-paper manufacturer Ranheim Paper & Board concluded in January 2019 is partly to secure its supply of core paper. This saturating base paper obtained from Ranheim since 2016 is impregnated with phenolic resin and used as the core in the production of laminates and compact panels. Ranheim’s seller is the Norwegian investment company Pemco Holding. FunderMax had already registered its takeover plans with the Austrian competition authority (BWB) on 30 November. The examination procedure initiated subsequently under BWB/Z-4213 was completed at the end of September.

Ranheim generated sales revenue of approximately 62m € with 176 employees last year. At its Ranheim facility, the company operates two Fourdrinier paper machines with an annual capacity of roughly 120,000 t.

Tags of this news:

previous − Raw melamine prices again reduced

Schattdecor opened three new showrooms in Asia  − next