Sunds Fibertech has partnered with Priveq to accelerate its growth and establish itself as a leading provider of innovative wood fiberboard manufacturing solutions.
Target Company Overview
Sunds Fibertech, a growth-oriented company specializing in equipment for the manufacturing of wood fiberboards, has recently garnered several prestigious awards, including 'Best International Growth' at Ernst & Young's 'EY Entrepreneur of The Year,' as well as the DI Gasell and 'Company of the Year' in Timrå municipality. The company has now partnered with Priveq to accelerate its development and expansion.
Karl-Johan Willén, Investment Manager at Priveq, expressed admiration for Sunds Fibertech's rapid establishment as a key player in the global market, noting that the company operates within a niche with few competitors. He looks forward to collaborating with the founders and employees to position Timrå as a new center of excellence in fiberboard manufacturing.
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Industry Overview in Sweden
For centuries, the coastal regions of Norrland have been the hub of the Swedish timber industry. In this landscape, Sunds Fibertech emerges as a promising industrial success story, bringing inn
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Priveq
invested in
Sunds Fibertech
in 2023
in a Strategic Partnership deal
Disclosed details
Revenue: $23M