mynth
12/2025100%

Kullaplast acquired by Ab Rani Plast

SWEDEN Chemicals & Materials / Packaging & Containers / Plastic Packaging REV SEK 250–500M

Context

Effective 1 December 2025, Finnish family-owned flexible packaging platform Ab Rani Plast Oy finalized the acquisition of 100% of the share capital of Swedish technical film manufacturer Kullaplast Aktiebolag AB, marking the full exit and succession handover of former Chief Executive Officer and sole shareholder Jonas Skoglund. Led by Rani Plast Chief Executive Officer Stefan Kaptens, the cross-border transaction consolidates the group's industrial footprint across Northern Europe by integrating Kullaplast’s domestic production assets, specialized converting capabilities, and local distribution channels. The acquisition thesis centers on scaling regional route density, cross-selling specialized polyethylene films into core food processing, construction materials, and converting accounts, and institutionalizing circular-economy product lines across the combined commercial portfolio through the accelerated rollout of post-consumer recycled (PCR) formulations and bio-based polymer substrates under a unified operational leadership team.

Kullaplast, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Through its centralized production facility in Höganäs in northwestern Skåne, Sweden, Kullaplast Aktiebolag AB manufactures specialized polyethylene packaging and protective films for European industrial supply chains. Founded in 1965, the Swedish manufacturing enterprise converts polymer resins into technical blown and cast film structures. The industrial infrastructure supports an annual production volume of approximately 12,000 tons of finished film substrates. To manage extrusion operations, material formulation, and customer dispatch, the organization maintains an operational workforce of approximately 50 employees. Commercial activities focus on supplying technical packaging films to commercial partners active in the building and construction sector, food processing facilities, and diversified industrial manufacturing niches. These film configurations provide moisture resistance, structural containment, and protective barrier performance across heavy-duty handling applications. Operating with a primary commercial reach across Northern Europe, the processing site supplies specialized polyethylene films engineered to technical standards.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (SEK)

Year
Rev
EBITDA
EBIT
2025
SEK 250–500M
SEK 10–30M
SEK 10–30M
2024
SEK 250–500M
SEK 10–30M
SEK 10–30M

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REFERENCES

Revenue range: REV SEK 250–500M

EBITDA range: SEK 10–30M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Kullaplast by Ab Rani Plast are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: kullaplast

FAQ

What transaction does this page cover?

This page covers Ab Rani Plast’s acquisition of 100% of Kullaplast, a Swedish company specialised in Packaging & Containers, in 2025.

What were Kullaplast’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Kullaplast generated annual revenue estimated in the SEK 250–500M range and EBITDA in the SEK 10–30M bracket (FY 2025). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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