Syklo has acquired 100% of the share capital of Elastopoli, a leading biocomposite company, to enhance its capabilities in the circular economy and strengthen its commitment to producing sustainable materials.
Information on the Target
Elastopoli is a pioneering company specializing in the production of cellulose-based biocomposites. It has developed and patented innovative technology that generates high-quality biocomposites, which effectively replace traditional technical plastics and fiberglass composites in various applications. The company’s unique approach allows for the use of recycled cellulose pulp and plastics as raw materials, subsequently increasing the sustainability and efficiency of production processes.
The firm's commitment to environmental sustainability aligns with global shifts towards renewable materials and the circular economy, positioning Elastopoli as a leader in addressing material innovation for a sustainable future.
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Industry Overview in Finland
Finland's biocomposite industry is experiencing significant growth, driven by an increasing demand for sustainable materials as companies seek alternatives to fossil-fuel-based product
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Syklo
invested in
Elastopoli
in 2023
in a Corporate VC deal