Billerud AB is a Swedish pulp and paper manufacturer with headquarters in Solna, Sweden. The company simplified its name from BillerudKorsnäs to Billerud after the acquisition of

Verso ''Recto'' is the "right" or "front" side and ''verso'' is the "left" or "back" side when text is written or printed on a leaf of paper () in a bound item such as a codex, book, broadsheet, or pamphlet. In double-sided printing, each leaf h ...

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. Its production units are located in

Grums Grums is a locality and the seat of Grums Municipality, Värmland County, Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to ...

Skärblacka Skärblacka is a locality situated in Norrköping Municipality, Östergötland County, Sweden with 4,059 inhabitants in 2010. In everyday use, the town is known as simply ''Blacka''. Until 1971, the town was the administrative centre of Skärblac ...

Frövi Frövi is a locality situated in Lindesberg Municipality, Örebro County, Sweden with 2,516 inhabitants in 2010. Riksdag The Riksdag ( , ; also or , ) is the parliament and the parliamentary sovereignty, supreme decision-making body o ...

/ Rockhammar,

Gävle Gävle ( ; ) is a Urban areas in Sweden, city in Sweden, the seat of Gävle Municipality and the capital of Gävleborg County. It had 79,004 inhabitants in 2020, which makes it the List of cities in Sweden, 13th-most-populated city in Sweden. I ...

and

Karlsborg Karlsborg (, outdatedly ) is a locality and the seat of Karlsborg Municipality, Västra Götaland County, Sweden. It had 3,551 inhabitants in 2010. This garrison town lies at the shore of lake Vättern in Västergötland Västergötland (), ...

in Sweden,

Jakobstad Jakobstad (; , ) is a town in Finland, located on the west coast of the country. Jakobstad is situated in Ostrobothnia (administrative region), Ostrobothnia, along the Gulf of Bothnia. The population of Jakobstad is approximately , while the Jako ...

in Finland,

Escanaba Escanaba ( ), commonly shortened to Esky, is a port city and the county seat of Delta County, Michigan, Delta County in the U.S. state of Michigan, located on Little Bay de Noc in the state's Upper Peninsula of Michigan, Upper Peninsula. The popu ...

Quinnesec Quinnesec is an unincorporated community in Dickinson County in the U.S. state of Michigan. It is a census-designated place (CDP) for statistical purposes and has no legally recognized status as a municipality. The population was 1,083 at the 202 ...

and

Wisconsin Rapids Wisconsin Rapids is a city in and the county seat of Wood County, Wisconsin, United States, along the Wisconsin River. The population was 18,877 at the 2020 census. It is a principal city of the Marshfield–Wisconsin Rapids micropolitan stati ...

in the US.

History

The company was formed in November 2012 through the merger of Billerud AB and

Korsnäs AB Korsnäs is a municipality in Finland, located on the west coast of the country. Korsnäs is situated in Ostrobothnia, along the Gulf of Bothnia. The population of Korsnäs is approximately , while the sub-region has a population of approximatel ...

. 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. Behind the merger, was an ambition to become an internationally leading packaging

manufacturer Manufacturing is the creation or Production (economics), production of goods with the help of equipment, Work (human activity), labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary se ...

. During the same year, BillerudKorsnäs acquired paper production facilities both in

and

Tervasaari Tervasaari (; ), meaning "tar island", is an island in Helsinki, Finland, in front of the district of Kruununhaka. Tervasaari is connected to the mainland by a long causeway called Tervasaarenkannas. The causeway is connected to the Pohjoisranta ...

Valkeakoski Valkeakoski (; lit. "white rapids") is a town and municipalities of Finland, municipality in Finland. It is located south of Tampere, north of Hämeenlinna and north of Helsinki in the Pirkanmaa regions of Finland, region. The municipality has ...

, in

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

from

UPM Kymmene UPM-Kymmene Oyj is a Finnish forest industry company. UPM-Kymmene was formed by the merger of Kymmene Corporation with Repola Oy and its subsidiary United Paper Mills Ltd in 1996. UPM consists of six business areas: UPM Fibres, UPM Energy, UPM ...

. Valkeakoski was closed down and the paper machine for MG paper was moved to Skärblacka mill in 2017. In 2013, Kinnevik sold its shares in BillerudKorsnäs to pension firms AMF, Alecta and the Fourth Swedish National Pension Fund. In March 2022, BillerudKorsnäs completed its acquisition of the US-based coated paper company,

Verso Corporation Verso Corporation, now Billerud Americas Corporation, was a North American producer of coated papers including coated groundwood, coated freesheet, and specialty products. The company restructured in 2016 following Chapter 11 bankruptcy. Verso ...

for $825m in cash. 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".

Production units

In Sweden

* Gruvön Mill – produces fluting, liners, liquid packaging board and pulp. * Skärblacka Mill – produces white machine glazed kraft paper, brown sack paper, fluting and pulp. * Karlsborg Mill – produces kraft paper, sack paper, formable paper (FibreForm®) and pulp * Frövi Mill – produces cartonboard and liquid packaging board * Gävle Mill – produces liquid packaging board and liners.

In the US

* Escanaba Mill – produces graphic papers used in commercial printing, media and marketing. * Quinnesec Mill – produces graphic papers used in commercial printing, media and marketing, and pulp. * Wisconsin Rapids Converting Facility – converts cartonboard and rolls of paper into sheets.

In Finland

* Jakobstad Mill – produces formable paper (FibreForm®), kraft- and sack paper for

food packaging Food packaging is a packaging system specifically designed for food and represents one of the most important aspects among the processes involved in the food industry, as it provides protection from chemical, biological and physical alterations ...

and carrier bags.

Regions and segments

Billerud's organization is structured through the regions Europe and North America. In 2024, region Europe corresponds to 65% of the group's net sales, while region North America corresponds to 28%.

Corporate leadership

Chairmen of the Board

* Hannu Ryöppönen, 2012–2014 * Lennart Holm, 2014–2019 * Jan Åström 2019-2021 * Jan Svensson 2021-

Chief Executive Officer

* Per Lindberg, 2012–2017 * Petra Einarsson, 2018–2019 * Lennart Holm, 2019-2020 (acting CEO) * Christoph Michalski, 2020-2023 * Ivar Vatne, 2023-

Ownership structure

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).

References

External links

* {{DEFAULTSORT:BillerudKorsnas Solna Municipality Companies based in Solna Municipality Pulp and paper companies of Sweden Manufacturing companies established in 2012 Swedish companies established in 2012 Companies listed on Nasdaq Stockholm Companies related to the Engwall family