Investment in Betulium shares will complement Bang & Bonsomer’s targets in material technologies. Bang & Bonsomer and Betulium have also signed a long-term global development and commercialization agreement.
Betulium and Bang & Bonsomer have excellent synergies in production, product development and sales of various cellulose nanofibers CNF and micro fibrillated cellulose MFC. Products made with Betulium’s patented technologies can be used in a number of end applications such as food, paint & coatings, construction, personal & home care, rubber & tire, composites and plastics.
Betulium Oy is a Finnish clean-tech company established in 2013. Betulium provides renewable, biodegradable, and high-performance water-based cellulose materials to replace or supplement synthetic organic polymers in a vast number of industrial applications. Betulium runs a pilot plant, producing material on an industrial scale in Espoo, Finland.
Bang & Bonsomer is a private Finnish material technology company offering a wide range of industrial raw materials and additives. Bang & Bonsomer has seven industry oriented business units operating in Finland, Scandinavia, CIS-countries and The Baltic States. In 2016 Bang & Bonsomer Group had sales of 158 M€ and about 300 employees.
For further information, please contact:
Bang & Bonsomer Group Oy
Chief Operating Officer
Tel. +358 40 530 6134
Chief Executive Officer
Tel. +358 45 673 4159
Chief Scientific Officer
Tel. +358 40 750 6060