BillerudKorsnäs and ALPLA announced that they will form a joint venture in the Danish paper bottle company ecoXpac. The formation of the joint venture is subject to customary regulatory approvals such as merger control clearances. It is expected that the transaction is completed in Q3 2019.

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BillerudKorsnäs and ALPLA announce joint venture to produce paper bottles

BillerudKorsnäs and ALPLA announced that they will form a joint venture in the Danish paper bottle company ecoXpac. When the transaction has been completed, BillerudKorsnäs and ALPLA will own equal parts of ecoXpac. A minority post will be held by the founder family. BillerudKorsnäs is currently the majority owner and has been a shareholder in the company since 2015.

The formation of the joint venture is subject to customary regulatory approvals such as merger control clearances. It is expected that the transaction is completed in Q3 2019.

BillerudKorsnäs has been a driving force in the ongoing development of a paper bottle, which was started by ecoXpac in 2010 and with Carlsberg Group since 2015. In late 2016, Carlsberg Group revealed a first physical prototype of a paper bottle, the Green Fiber Bottle, and the first generation of paper bottles has since then been in a testing phase. The plan now is to continue the development to be able to launch and then scale up production. Following generations will be both fully biobased and have biodegradable barriers thereby fully realising the vision and enabling consumers all over the world to live more sustainably.

EcoXpac is an innovative Danish company specialised in designing, developing and implementing process solutions for moulded fibre bottles.

BillerudKorsnäs is one of the leading manufacturers of packaging paper made from virgin fibers.