Stora Enso acquires Swedish cellulose technology company

Stora Enso, the Finnish-Swedish fore-stry, pulp, packaging and renewable materials company, has increased its owner-ship up to 100% in the Sweden-based company Cellutech AB. The company 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 Mr. Markus Mannström, EVP, Stora Enso Biomaterials.

Established in 2013, Cellutech serves as a link between academia and industry. It was formed to take world class scientific research developed at SweTree Technologies and Wallenberg Wood Science Center and develop the ideas into commercially successful technologies and products.