In January 2025, Forestoil Oy, a manufacturer of recycled-based lubricants, became part of the Fluo Group through a strategic merger aimed at enhancing product offerings and operational efficiency in the circular economy sector in Finland.

Information on the Target

Forestoil Oy, a manufacturer of recycled-based lubricants, joined the Fluo Group in a corporate restructuring completed in January 2025. This merger enhances Fluon’s offering of products made from recycled raw materials, expanding from plastic products to lubricants. Forestoil specializes in producing environmentally friendly lubricants tailored for the forestry industry, providing companies with efficient solutions for repurposing waste oils.

The company has established a comprehensive collection system across Finland for used clear lubricating oils, which are then reprocessed into lubricants at its production facility located in Vöyri. As stated by Petri Aaltonen, the CEO of the Fluo Group, Forestoil is an excellent complement to Fluon’s existing services, sharing the common goal of facilitating the processing of used materials into new recycled products while also creating a significant positive environmental impact.

Industry Overview in Finland

The recycling and circular economy sector in Finland has experienced rapid growth in recent years, driven by increasing awareness of environmental sustainability and the need to reduce waste. Companies in this industry are focu