Beskrivning
| Land | Finland |
|---|---|
| Lista | Small Cap Helsinki |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
United Bankers Plc
PRESS RELEASE 4 December 2024 at 11:00 EET
Acquisition of FiberLean Technologies by UB FIGG
UB Forest Industry Green Growth Fund (UB FIGG) is proud to announce that it has acquired 100% of the shares of FiberLean Technologies Ltd (FiberLean) from the Werhahn Group, Germany for an undisclosed consideration.
FiberLean Technologies Ltd is a leading producer of grinding equipment for the production of MicroFibrillated Cellulose (MFC). Initially formed in 2016 as a joint venture between OMYA and IMERYS, two of the leading industrial mineral suppliers to the paper industry, FiberLean has an extensive patent portfolio related to MFC production both in-sheet and as a surface layer. Under the new ownership of UB FIGG, the Company will focus on the sale of its scalable MFC grinders based upon its patented processes. FiberLean’s own MFC plant at Trebal, UK will produce customer samples for trials and larger sales volumes. Customers will be supported with MFC trials, equipment commissioning, start-up and post commissioning services. FiberLean will continue to improve its equipment with applied research focusing on the cost, efficiency and the value creation of its technology for customers.
David Walker, Senior Partner at UB FIGG comments: “We are all very excited about the opportunity to build on the strong technology legacy of FiberLean. We believe FiberLean will emerge to be the world’s leading independent MFC technology provider to the pulp, paper and board, tissue and other converting industries”. He further adds: “We are streamlining the FiberLean business to focus on equipment supply. The new FiberLean will focus on the value it can create for its customers through their use of cost competitive MFC produced using FiberLean’s unique grinder solution.
David Skuse, Managing Director of FiberLean states: “We are very proud of the work we have done to develop the FiberLean grinder solution. The whole management team and UB FIGG are aligned on how to bring this technology to our customers, and the initial feedback we have received on a focused equipment sales model has been very positive.”
About UB FIGG
UB FIGG is a private equity fund investing in companies focused on plastic and other fossil based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and end uses. Through its investments, the Fund helps the forest and bio-based industries to create solutions to mitigate climate change. UB FIGG is a signatory of Operating Principles for Impact Management and reports on the environmental and climate impact of its investments.
For further information:
David Walker, Senior Partner, UB Forest Industry Green Growth Fund
Email: david.walker@unitedbankers.com
Tel.: +358 40 672 6292
David Skuse, Managing Director, FiberLean Technologies Ltd
Email: david.skuse@fiberlean.com
Tel.: +44 773 810 4341
United Bankers in brief:
United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group’s business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 163 employees (FTE) and 26 agents (30 June 2024). In 2023, the United Bankers Group’s revenue totalled EUR 52.1 million and its adjusted operating profit amounted to EUR 16.9 million. The Group’s assets under management amount to approximately EUR 4.8 billion (30 June 2024). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit unitedbankers.com.
DISTRIBUTION:
Main media
unitedbankers.com
ubfigg.com