Following the transaction, Partnera becomes the largest owner of Uusioaines with a 58% stake. In addition, the company’s shareholders will include Tesi as well as the former sole owner and founder, and the Managing Director. With the new ownership structure, the company is well positioned for future growth. The glass recycling and foam glass segments provide interesting business opportunities, supported by Uusioaines’ strong domestic market position, innovative products and increasing demand for environmentally friendly solutions across the market.
Uusioaines is the leading glass recycler and foam glass manufacturer in Finland. The company processes up to 80,000 tons of glass annually. At its facilities, glass products are converted to cullet, which is supplied to various industry segments such as glass container and glass wool production, and flat glass manufacturing. Additionally, by-products from the recycling process are utilised to produce foam glass, which is a highly versatile and environmentally friendly product used for construction. In 2017, the company’s net sales amounted to EUR 14.3 million. Uusioaines is based in Forssa and employs 35 employees.
According to Jari Pirkola, CEO of Partnera, Uusioaines fits well into Partnera’s investment strategy: “As the leading player in Finland, Uusioaines has long-standing relationships with recyclable glass suppliers and a well-functioning processing plant with experienced professionals. Uusioaines is currently performing well and holds great potential for future growth and development.”
Partnera Ltd is an investor as well as a partner and adviser to its portfolio companies. The company operates in the interface of public and private sectors. Partnera has approximately 28,000 shareholders, including private and public entities. The largest owner is the city of Oulu.