IL Recycling, with 700 employees, is currently owned by Fiskeby Board, SCA, Smurfit Kappa and Stora Enso with a turnover of 2 billion SEK, according to Stena Metall.
The acquisition will give Stena Metall, through Stena Recycling, the opportunity to expand its services, in paper recycling amongst other things, helping the company meet increasing market demand for sustainable total waste management solutions. Stena Recycling is also looking forward to becoming a reliable, long-term supplier of new raw materials to the current owners’ paper mill.
IL Recycling offers a wide range of recycling services which complement Stena Recycling’s business, says Staffan Persson, Managing Director of Stena Recycling AB. Furthermore it is said, that the acquisition is subject to approval by the Swedish and Polish competition authorities.