Pyroll Packaging strengthens its growth as MB Funds invests in the company in a transaction signed on 5th May 2021.
”As 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.
“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 PackageMedia 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.
The closing of the transaction is expected during the summer 2021 after competition authority’s approval.
