Investment company takes majority stake in Sunds Fibertech

The move is expected to lead to fresh investment and expansion at Sunds Fibertech with its range of wood-based panel manufacturing technologies.

“Our already strong product portfolio combined with a strong shareholder now creates the conditions for us to become one of the leading companies in the industry,” said Lars Eklund, CEO of Sunds Fibertech.

The company’s plan is to maintain a high organic growth rate, while at the same time enabling strategic acquisitions.

“We are impressed by how Sunds Fibertech has in a short time established itself internationally as a key player in a global market with a few suppliers,” said Karl-Johan Willén, investment manager at Priveq.

“We look forward to, in partnership with founders and employees, supporting the company in its ambitions to put Timra in Sweden on the world map as a centre for fibreboard manufacturing equipment.”

Priveq started in 1983 as part of Skandia and became independent in 1998 under its current name.

Current owners Kenth Eklund and Lars Eklund retain a large part of the company’s ownership and will continue to be key people in the long-term plans the company is making.