Taaleri’s first bioindustry fund invests in Colombier, a company producing ecological packaging. The purpose of the investment is to expand Colombier Finland’s Ecological Packaging plant producing innovative packaging materials in Pyhtää, Finland.
Colombier Finland is part of the international Colombier Group, which has 50 years of experience in paper and cardboard products. Today, the company offers its customers alternatives to plastic packaging. In addition to Finland, the group has subsidiaries in the Netherlands, Great Britain and Spain.
The investment is Taaleri Bioindustry I Fund’s first investment. The fund invests in industrial-scale production facilities and companies that can accelerate the scaling of bioindustry production. Products can be, for example, bio- and recycled fibers, organic fertilizers, functional biomaterials, and recycled materials to replace virgin products.
Taaleri Bioindustry I Fund complies with Article 9 of the EU Sustainable Finance Disclosure Regulation and is as such a so called dark green fund that only makes sustainable investments in projects that, for example, contribute substantially to climate change mitigation. The fund has raised over EUR 100 million and continues fundraising. The state-owned special-assignment companyFinnish Climate Fund is the fund’s anchor investor.
“We are very happy to start working with Colombier. The market for sustainable packaging is growing rapidly, as plastic-based packaging is increasingly being replaced by paper- and cardboard-based products. Colombier has excellent products for this market and an expanding selection,” says Tero Saarno, Director of Taaleri Bioindustry.
“Our innovative Ecological Packaging division has generated a large degree of interest from capital markets. We found a great partner in Taaleri to realise the tremendous growth potential of our award winning Colombier EcoBarrier products. We were particularly impressed by Taaleri’s in-house expertise in manufacturing and green tech. Our partnership will help bring more of our environmentally sound and sustainable products to global food and packaging users,” says Colombier Group’s CEO Juha Viitala.
Taaleri’s vision is to be a Nordic pioneer in alternative investments focusing on sustainability. We use capital and our expertise to build a better future, and in addition to bioindustry projects, we promote e.g. wind and solar power.