The plastic manufacturing industry in the Nordics is dynamic and innovative, focusing on sustainability and eco-friendly solutions. Companies range from large corporations producing packaging and automotive components to startups developing new bio-based materials. Challenges such as recycling and waste management continue to drive the industry forward, prompting investments in sustainable practices and technologies. Notably, many Nordic firms are leading the way in using renewable resources to create new plastic alternatives, positioning themselves strongly in a global market that increasingly values environmental responsibility. The blend of technical expertise and commitment to sustainability makes this sector a pivotal player in the future of material sciences.


This list profiles 19 notable investors in the Nordic plastic manufacturing sector, comprising a mix of corporate players and private equity firms. The investors call countries like Sweden, Finland, and Norway home, with varying company sizes from small boutique firms to large multinationals. Founded between 1893 and 2018, these entities are active in managing portfolios and conducting deals, evidenced by 2024 investment figures spanning from 0 to 30 deals. This array of financial and strategic backing showcases the strong interests and commitments toward enhancing the plastic manufacturing landscape.


Top 19 Plastic Manufacturing Investors in the Nordics


1. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It provides loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions. Almi has been involved in several transactions relevant to the plastic manufacturing context, including investments in GAIA BioMaterials, which focuses on expanding its global network for bio-based materials, and Biofiber Tech Sweden, which raised capital to develop sustainable alternatives to traditional plastics. Additionally, Almi's investment in Hoting Innovations, which is setting up a production facility, further emphasizes its commitment to supporting innovative companies in the materials sector.


2. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The firm is part of an industrial group that focuses on developing and acquiring companies with high technical expertise across various sectors, including technology and industrial products. Indutrade emphasizes long-term relationships with its customers and operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources. Notably, Indutrade has made several key acquisitions in the plastic manufacturing sector, including PRP-Plastic Oy and Modul Plastic Oy in 2006, and more recently, Tecno Plast Industrietechnik GmbH in 2021, which specializes in single-use tubing sets and hoses. These transactions highlight Indutrade's commitment to expanding its footprint in the plastic manufacturing industry, making it a relevant player in this field.


3. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Founded in 1994, EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. Notably, EQT has made significant investments in the plastic manufacturing industry, including the acquisition of Faerch Plast in February 2014, which is known for its sustainable packaging solutions. Additionally, EQT acquired DEVA-Plastics Technology GmbH as part of the EIS Aircraft Group in February 2015, further emphasizing their commitment to the plastics sector. More recently, EQT acquired Zeus Industrial Products in December 2023, showcasing their ongoing interest in companies that operate within the plastics domain.


4. Aboa Venture III Ky


Aboa Venture III Ky is a private equity firm based in Turku, Southwest Finland, founded in 1994. The firm specializes in providing equity financing solutions to Finnish businesses with revenues between 2-20 million euros, focusing on acquisitions and growth investments. Aboa Venture has been involved in several transactions within the plastic manufacturing sector, including investments in Coreplast Laitila in 2004 and WM-Plast in 2008, both of which are companies engaged in plastic manufacturing. Additionally, they invested in Purvac in 2007 and Aqvacomp in 2015, further demonstrating their involvement in the industry. Their clientele primarily consists of small to medium-sized enterprises seeking capital for expansion and restructuring, making them a relevant player in the plastic manufacturing investment landscape.


5. BEWI Group

  • Website: bewi.com
  • Type: Corporate
  • Headquarters: Solna, Stockholm, Sweden
  • Founded year: 1980
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: bewisynbra

BEWI Group is a corporate investor based in Solna, Stockholm, Sweden, founded in 1980. The company specializes in manufacturing packaging, insulation, and automotive components, with a strong emphasis on providing sustainable solutions that minimize environmental impact. BEWI Group has been involved in several significant transactions that highlight its commitment to the plastic manufacturing industry. Notably, they acquired Berga Recycling Inc., a leader in recycling materials, to enhance their circular economy initiatives. They also acquired Aislenvas and Jackon, both of which contribute to their product offerings in insulation and packaging solutions. Furthermore, their acquisition of Synbra Holding B.V., a manufacturer of particle foam products, underscores their active role in the plastic manufacturing sector. Through these strategic acquisitions, BEWI Group aims to expand its product portfolio and geographic reach while focusing on innovative materials and recycling practices.


6. HEXPOL Compounding

  • Website: hexpol.com
  • Type: Corporate
  • Headquarters: Rekekroken, Skåne, Sweden
  • Founded year: 1893
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: hexpol-compounding

HEXPOL Compounding, founded in 1893 and based in Rekekroken, Skåne, Sweden, is a corporate investor specializing in polymer manufacturing. The company focuses on advanced polymer compounding and engineered products, serving diverse industries such as automotive, healthcare, and construction. HEXPOL is known for its high-quality materials, including rubber and thermoplastic compounds, gaskets, and wheels. In recent years, HEXPOL has made significant acquisitions to strengthen its position in the plastic manufacturing sector. Notable transactions include the acquisition of Excel Polymers, LLC in 2010, enhancing its position as a leading elastomer compounder; the acquisition of 70% of almaak international in 2022, which specializes in advanced recycled engineered compounds; and the acquisition of Star Thermoplastic Alloys & Rubbers in 2023, allowing entry into the American TPE market. These strategic moves reflect HEXPOL's focus on innovation and sustainability in the plastic manufacturing industry.


7. Trelleborg Group

  • Website: trelleborg.com
  • Type: Corporate
  • Headquarters: Trelleborg, Skåne, Sweden
  • Founded year: 1905
  • Headcount: 10001+
  • Number of deals in 2024: 7
  • LinkedIn: trelleborggroup

Trelleborg Group, founded in 1905 and based in Trelleborg, Skåne, Sweden, is a leading manufacturing company specializing in engineered polymer solutions. With over 10,000 employees, Trelleborg provides a diverse range of products, including seals, damping solutions, and fluid handling systems, catering to industries such as aerospace, automotive, healthcare, and marine. In 2024, Trelleborg has been active in expanding its portfolio through several strategic acquisitions. Notably, they acquired Aero-Plastics, a US-based company specializing in high-performance polymer components for the aerospace industry, which is expected to enhance their offerings in this sector. Additionally, the acquisition of MNE Group, which focuses on high-performance specialty seals for the semiconductor market, further solidifies Trelleborg's position in the polymer manufacturing landscape. These transactions highlight Trelleborg's commitment to innovation and its strategic focus on enhancing its capabilities in polymer-based solutions.


8. Altor Equity Partners

  • Website: altor.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 51-200
  • Number of deals in 2024: 6
  • LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services across various sectors, including technology and consumer products, with a strong emphasis on operational efficiency and sustainable growth. Notably, Altor has made significant investments in the plastic manufacturing sector, including the acquisition of Trioworld, a prominent player in the industry, in April 2018. This acquisition highlights Altor's commitment to investing in companies that are integral to the plastic manufacturing supply chain. Additionally, their involvement with TRESU Group, a manufacturer of high-performance flexographic printing machines, further demonstrates their engagement with companies that support the plastic manufacturing process. Through these transactions, Altor aims to drive digital transformation and operational improvements within the companies they invest in, positioning them as a relevant investor in the plastic manufacturing space.


9. Huhtamaki

  • Website: huhtamaki.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1920
  • Headcount: 10001+
  • LinkedIn: huhtamaki

Huhtamaki is a corporate investor based in Espoo, Uusimaa, Finland, founded in 1920. The company is a leading manufacturer of food packaging, focusing on sustainable solutions for the food service industry. They offer a diverse range of products, including disposable tableware, flexible packaging, and molded fiber packaging, primarily serving quick service restaurants and retail operators. Huhtamaki has made several strategic acquisitions to enhance its capabilities in the plastic manufacturing sector. Notable transactions include the acquisition of Prisma Pack Indústria de Filmes Técnicos e Embalagens Ltda, a Brazilian manufacturer of hygienic films, which strengthens their Films segment. They also acquired Pure-Stat Technologies, integrating its laminate products into their North American operations. The acquisition of Elif, a global sustainable flexible packaging supplier, for €412 million, aims to expand their product range in emerging markets. Furthermore, Huhtamaki's acquisition of CupPrint enhances their digitalization capabilities in cup manufacturing, and the purchase of Delta Print and Packaging Ltd. bolsters their position in the European foodservice packaging market. These transactions highlight Huhtamaki's commitment to expanding its footprint in the plastic manufacturing industry.


10. Lagercrantz Group AB

  • Website: lagercrantz.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 6
  • LinkedIn: lagercrantz

Lagercrantz Group AB is a technology group based in Stockholm, Sweden, founded in 2001. The company operates approximately 80 subsidiaries that provide specialized technical solutions across various niche markets. Their business model emphasizes acquisitions and organic growth, catering primarily to business customers seeking tailored technology solutions. In recent years, Lagercrantz has made several strategic acquisitions that enhance its portfolio in manufacturing and related sectors. Notably, they acquired DP Seals Ltd, a UK-based manufacturer of rubber sealings and mouldings, which positions them within the manufacturing sector relevant to plastics. Additionally, their acquisition of Asept International AB, specializing in dispensing systems, and CP Cases, known for protective cases, further demonstrates their engagement in manufacturing-related activities. These transactions indicate Lagercrantz's commitment to expanding its influence in sectors that intersect with plastic manufacturing.


11. Nordic Capital

  • Website: nordiccapital.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1989
  • Headcount: 201-500
  • Number of deals in 2024: 10
  • LinkedIn: nordic-capital

Nordic Capital is a private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, including healthcare and technology, and is known for partnering with management teams to drive growth and operational improvements in portfolio companies. Nordic Capital has a strong focus on creating long-term value and sustainability in its investments, catering primarily to institutional investors seeking sustainable opportunities. Notably, Nordic Capital acquired an 82 percent stake in Plastal, a company engaged in plastic manufacturing, in 2005, highlighting their involvement in this sector. Additionally, their diverse portfolio includes companies like COROB and Orchid Orthopedic Solutions, showcasing their broad investment strategy while still maintaining a foothold in the plastic manufacturing industry through Plastal.


12. Lifeline Ventures


Lifeline Ventures is a Helsinki-based venture capital firm founded in 2009, specializing in early-stage investments in startups. The firm focuses on providing financial backing and advisory services to resilient founders across various sectors. Notably, Lifeline Ventures has invested in Sulapac, a company that has raised significant funding to scale up its production of sustainable materials aimed at replacing traditional plastics. This investment aligns with the growing demand for eco-friendly alternatives in the plastic manufacturing industry. Additionally, Lifeline Ventures has participated in funding rounds for other innovative startups, such as Hyperion Robotics, which focuses on materials technology, further showcasing their interest in sectors that intersect with plastic manufacturing.


13. Metsä Spring

  • Website: metsaspring.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: metsaspring

Metsä Spring is a corporate investor based in Espoo, Uusimaa, Finland, founded in 2018. It is part of Metsä Group, a forest industry company specializing in renewable wood products, including pulp, paperboard, and tissue papers. Metsä Spring focuses on innovation and sustainability, investing in companies that develop new materials and technologies. Notable transactions include a €3 million investment in Fiberwood, aimed at scaling up production capabilities for sustainable materials, and a €1 million seed funding for FineCellOX AB, which is developing cellulose powder technology. Additionally, Metsä Spring invested in Boreal Bioproducts to support the development of eco-friendly products and international expansion. These investments reflect Metsä Spring's commitment to advancing sustainable material solutions, which can be relevant to the plastic manufacturing industry.


14. FSN Capital Partners

  • Website: fsncapital.com
  • Type: Private Equity
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: fsn-capital

FSN Capital Partners is a private equity investment firm based in Oslo, Norway, founded in 1999. The firm specializes in managing investments across various sectors, including services, green transition, industrials, and technology, with a strong emphasis on sustainable returns for institutional investors and pension funds. Notably, FSN Capital has made significant investments in the plastic manufacturing sector, including the acquisition of Impreg Group, a Danish manufacturer of pipe liner systems, and iMPREG GmbH, both of which are involved in the production of plastic-related products. These transactions highlight FSN Capital's commitment to driving growth and transformation in the plastic manufacturing industry, making them a relevant player in this space.


15. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is a private equity investment management firm based in Helsinki, Finland, founded in 1989. The firm specializes in private equity, real estate, infrastructure, and natural capital investments, serving institutional investors with diverse strategies aimed at sustainable returns. Notably, CapMan has made significant investments in the plastic manufacturing sector, including the acquisition of Walki Group Oy in 2007, a company known for its production of plastic-based products. Additionally, CapMan has been involved in various other transactions, such as the acquisition of Ljunghäll and Cederroth Intressenter AB, showcasing its active role in managing and growing companies across different industries. Their recent investment in Tana further illustrates their ongoing engagement in sectors that may intersect with plastic manufacturing.


16. Kemira

  • Website: kemira.com
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1920
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: kemira

Kemira Oyj is a Finnish chemical company founded in 1920, specializing in water treatment, industrial solutions, and fiber production. With a strong focus on chemistry expertise, Kemira operates globally to address challenges faced by water-intensive industries. Notably, Kemira has made strategic acquisitions to enhance its capabilities in polymer production, which is crucial for the plastic manufacturing sector. In 2013, they acquired 3F Chimica S.p.A. for EUR 85 million, which included manufacturing sites in Italy and the USA, aimed at strengthening their position as a leading global polymer producer. Additionally, their acquisition of Polymer Services, LLC in 2015, focused on polymer gel treatments, further underscores their commitment to the polymer industry. These transactions highlight Kemira's role as a significant player in the chemical solutions market, particularly in relation to plastics and polymers.


17. The Footprint Firm


The Footprint Firm is a consulting and investment company based in København, Denmark, founded in 2019. They focus on sustainability, providing advisory services to organizations looking to enhance their sustainability strategies while also investing in sustainable start-ups. Their investment portfolio includes notable transactions such as Cellugy, which is scaling up production of EcoFLEXY, a cellulose product that serves as a sustainable alternative to traditional plastics. They also invested in Cuploop, an Estonian cleantech company developing reusable packaging solutions, which is directly relevant to the plastic manufacturing industry. Other investments include Kvasir Technologies and Octarine Bio, both of which are involved in innovative technologies that could impact material sciences and sustainability. The Footprint Firm's commitment to sustainability positions them as a relevant player in the evolving landscape of plastic manufacturing.


18. Valve Ventures

  • Website: valveventures.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: valve-ventures

Valve Ventures is a corporate investor based in Helsinki, Uusimaa, Finland, founded in 2007. The firm supports innovations in technology and collaborates with businesses to facilitate change and solve problems through clear solutions. While their primary focus is on providing professional services in the technology sector, they have made notable investments in companies that are relevant to the plastic manufacturing industry. For instance, they invested in Sulapac, which raised $1,064,350 in a seed round in April 2017, focusing on biodegradable alternatives to traditional plastics. Additionally, they have invested in Infinited Fiber Company, which has received funding for its innovative approach to recycling textile waste into new fibers, relevant to sustainable plastic alternatives. Furthermore, their investment in Woodio, which raised $4,431,632 in a Series A round in August 2019, also aligns with the trend of sustainable materials. These transactions highlight Valve Ventures' engagement with companies that are innovating within the plastic manufacturing context, particularly in sustainability and alternative materials.


19. Neste

  • Website: neste.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1948
  • Headcount: 5001-10000
  • Number of deals in 2024: 1
  • LinkedIn: neste

Neste is a renewable energy company based in Espoo, Uusimaa, Finland, founded in 1948. It specializes in sustainable fuels and feedstock solutions, producing Neste MY Renewable Diesel and Neste MY Sustainable Aviation Fuel. Neste is dedicated to reducing greenhouse gas emissions and promoting sustainability through innovative renewable solutions. In addition to its core business, Neste has made strategic investments in the plastic sector, notably acquiring a minority stake in Alterra Energy, a US-based plastic recycling firm, in January 2021. This investment aims to support Alterra's expansion and the development of thermochemical liquefaction technology for recycling plastic waste. Furthermore, Neste participated in a funding round for Circularise, a Dutch blockchain sustainability startup, which focuses on enhancing transparency in the supply chain, including plastics. These transactions highlight Neste's commitment to sustainability and innovation in the context of plastic waste management and recycling.



Plastic Manufacturing Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
AlmiStockholm, Stockholm, Sweden201-50019947
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Aboa Venture III KyTurku, Southwest Finland, Finland1-1019940
BEWI GroupSolna, Stockholm, Sweden1001-500019801
HEXPOL CompoundingRekekroken, Skåne, Sweden1001-500018931
Trelleborg GroupTrelleborg, Skåne, Sweden10001+19057
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
HuhtamakiEspoo, Uusimaa, Finland10001+19200
Lagercrantz Group ABStockholm, Stockholm, Sweden1001-500020016
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
Lifeline VenturesHelsinki, Uusimaa, Finland1-10200914
Metsä SpringEspoo, Uusimaa, Finland11-5020181
FSN Capital PartnersOslo, Oslo, Norway51-20019990
CapManHelsinki, Uusimaa, Finland51-20019894
KemiraHelsinki, Uusimaa, Finland1001-500019201
The Footprint FirmKøbenhavn, Denmark11-5020194
Valve VenturesHelsinki, Uusimaa, Finland1-1020071
NesteEspoo, Uusimaa, Finland5001-1000019481


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