Kullaplast acquired by Ab Rani Plast
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 in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.4x).
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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.
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REFERENCES
Revenue range: 250M - 500M SEK
EBITDA range: 10M - 30M SEK
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: kullaplast
Acquirer: ab rani plast