Stora Enso acquires Swedish cellulose technology firm

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In Sweden, Stora Enso has acquired Cellutech AB, a company specializing in the development of new materials and applications based on cellulose, micro-fibrillated cellulose (MFC) and other wood-based components.

Cellutech’s areas of research includes foams for packaging and hydroponics.

“The acquisition of Cellutech will add a new dimension to our fiber and cellulose capabilities particularly in lightweight cellulose foams and spheres. We are investing in technologies and expertise that will further broaden application development competence in Stora Enso’s Biomaterials Division,” says Markus Mannström, executive vice president, Stora Enso Biomaterials.

Cellutech was established in 2013 and employs eight. It was formed to advance research developed at SweTree Technologies and Wallenberg Wood Science Center into commercial technologies and prod-ucts.

Stora Enso is a leading global provider of renewable solutions in packaging, biomaterials, wooden con-structions and paper, with 2017 sales of €10 billion (USD$113.9 million).