UB FIGG and Altana AG have invested in Finnish technology company Nordtreat, which specializes in sustainable flame retardants, to drive growth in the environmentally friendly construction materials market.
Information on the Target
Nordtreat is a Finnish technology company founded in 2015 that specializes in the development and production of innovative, high-performance, and environmentally friendly flame retardants. The company utilizes bio-based raw materials to produce its fire retardants, ensuring compliance with the latest fire protection regulations. Currently, Nordtreat's products are deployed in over 2,000 buildings and structures globally, highlighting the practicality and effectiveness of its NORFLAM® product line.
Over the years, Nordtreat has expanded its portfolio to include a range of bio-based and environmentally friendly flame retardants. Recently, the company secured an investment from the UB Forest Industry Green Growth Fund (UB FIGG) and Altana AG to further its innovations. Additionally, Nordtreat has established a collaboration with Altana's BYK division to co-develop a bio-based flame retardant additive, aiming to respond to the increasing demand for sustainable fire protection solutions.
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Industry Overview in Finland
Finland boasts a robust forestry industry, which is central to its economy and environmental sustainability efforts. The country is recognized for its commitment to sustainable practices in forest management, favoring
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UB FIGG and Altana AG
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in 2024
in a Other VC deal
Disclosed details
Revenue: $2,976M