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MB Funds to strengthen the growth of Pyroll Packaging

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Pyroll Packaging, the leading Finnish provider of sustainable packaging solutions, strengthens its growth as MB Funds together with the management invest in the company in a transaction signed on 5 May 2021.

Pyroll Packaging is the leading provider of sustainable packaging solutions for food industry and retail sector in Finland. Pyroll manufactures high-quality cardboard, paper, plastic and aluminium packaging at nine manufacturing sites in Finland. Key drivers behind the success of the company have been its commitment to long-term customer relationships; its local presence enabling first class supply reliability, flexibility of the supply chain as well as excellent product quality and safety, and especially the skilled personnel of the company. Established in 1973 Pyroll Packaging employs today nearly 300 packaging industry professionals with net sales of 60m€ in 2020.

“Pyroll Packaging has successfully built a solid position as a trusted partner for Finnish food industry and retail sectors through the long-term customer cooperation. Moreover, the Package Media unit of Pyroll Packaging has gained a strong position as a pioneer for digital service concepts for brand owners. A strong local presence of Pyroll Packaging, its multi-material know-how and systematic development of sustainable packaging solutions create excellent foundation for further development of the company. The growth driven management of Pyroll Packaging together with the professional organization have successfully developed the company as a local market leader. We are extremely excited to get onboard to foster with the Pyroll team the growth of the company in Finland and to support the international expansion of the business.”, states partner Vesa Keränen from MB Funds.

”As a partner for food industry and wide variety of non-food sectors we want to be a trusted, responsible and innovative provider of packaging solutions. The transaction with MB Funds provides us with stronger resources to execute our growth strategy. As an experienced and in particular Finnish private equity investor MB Funds brings a strong contribution and expertise for further development of the company.”, comments Mika Lankila, CEO of Pyroll Packaging.

”I have had a long career in the packaging industry and it is time to move on to a new phase. My goal has been to find for the business a new Finnish owner who can provide wider resources for company’s future development. I’m very pleased that we have found a solution where our domestic customers and employees are a clear priority and Pyroll Packaging remains in the Finnish ownership.”, comments the founder of the company and the Chairman of Pyroll Group Reino Uusitalo.

The closing of the transaction is expected during the summer 2021 after competition authority’s approval.

Contacts

Further information:

Vesa Keränen
Partner, MB Funds
+358 50 590 9428 or vesa.keranen@mb.fi

Mika Lankila
CEO, Pyroll Group
+358 44 533 8569 or mika.lankila@pyroll.com

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Pyroll Packaging briefly
Pyroll Packaging, established in 1973, is a packaging manufacturer in Finland serving mainly domestic food industry and retail sector operators. Pyroll manufactures sustainable cardboard, paper, plastic and aluminum packaging in nine manufacturing sites in Finland. Pyroll Packaging employs close to 300 packaging industry professionals and had net sales of 60 m€ in 2020.

MB Funds briefly
MB Funds is the leading Finnish private equity investor founded in 1988. Total assets under MB Funds management stand at 0.5 billion euro with prime Finnish institutions as its main fund investors. MB Funds has successfully invested in approximately 40 mid-sized companies in the Nordics. www.mb.fi