BillerudAB is a Swedishpulp and paper manufacturer with headquarters inSolna, Sweden. The company simplified its name from BillerudKorsnäs to Billerud after the acquisition ofVerso 2022, an American producer of coated paper. Billerud has nine production facilities in Sweden, Finland and the USA with around 5,800 employees in over 13 countries.
 | |
| Company type | Publicly tradedAktiebolag |
|---|---|
| Nasdaq Stockholm: BILL[1] | |
| Industry | Paper and forest products |
| Founded | 29 November 2012 |
| Headquarters | Solna, Sweden |
Key people | Jan Svensson(Chairman) Ivar Vatne(CEO) |
| Products | Liquid packaging board, Containerboard, Cartonboard, Formable paper, Fluting and liner, Kraft paper, Sack paper, Graphic paper, Speciality paper |
| Revenue | SEK 43.453 billion[2] (2024) |
| SEK 2.561 billion (2024) | |
| SEK 1.747 billion (2024) | |
| Total assets | SEK 50.229 billion (2024) |
| Total equity | SEK 28.979 billion (2024) |
Number of employees | ≈5 900[2] (2024) |
| Website | www |
Its production units are located inGrums,Skärblacka,Frövi/Rockhammar,Gävle andKarlsborg in Sweden,Jakobstad in Finland,Escanaba,Quinnesec andWisconsin Rapids in the US. The company's product portfolio includesliquid packaging board,cartonboard,containerboard,sack paper, kraft and specialty papers, graphic paper, andmarket pulp.
The company was formed in November 2012 through the merger of Billerud AB andKorsnäs AB.[3]
In the 2012 merger, Billerud was the formal buyer. Korsnäs' owner,Investment Kinnevik AB, received a sum of SEK 3.2 billion as well as 25.1% of the votes in the new company and consequently became the largest owner in the merged BillerudKorsnäs.[4] Behind the merger, was an ambition to become an internationally leading packagingmanufacturer.
During the same year, BillerudKorsnäs acquired paper production facilities both inJakobstad andTervasaari,Valkeakoski, inFinland fromUPM Kymmene. Valkeakoski was closed down and the paper machine for MG paper was moved to Skärblacka mill in 2017.[5]
In 2013,Kinnevik sold its shares in BillerudKorsnäs to pension firms AMF, Alecta and the Fourth Swedish National Pension Fund.[6]
In March 2022, BillerudKorsnäs completed its acquisition of theUS-based coated paper company,Verso Corporation for $825m in cash.[7] As a result of the acquisition, according to a press release in October 2022, the company changed its name from BillerudKorsnäs to Billerud "to cater to its international customers".[8]
Billerud operates nine production units across Sweden, the United States, and Finland, each specializing in various paper and packaging materials.
Billerud's organization is structured through the regions Europe and North America.[9]
In 2024, region Europe corresponds to 65% of the group's net sales, while region North America corresponds to 28%.[10]
The largest shareholders are AMF Pension & Funds with 15.62 percent of the votes and Frapag Beteiligungholding AG with 12.06 percent (as of December 31, 2024).
