Lyckeby expands its ownership in Solam GmbH and Solam AB

Lyckeby acquires 100% of the companies Solam GmbH and Solam AB from first of July, 2017. Solam GmbH and Solam AB sell modified starches to the paper industry in the Nordic region and Continental Europe.

The former shareholder Emsland Stärke in Germany will continue to deliver products to Solam. The operations of Solam GmbH and Solam AB will not be affected by the ownership change. The new office for the German company is located in Nordhorn, Germany. The current General Manager remains and will extend his time in the company.

Lyckeby has the ambition to continue to develop Solam and thereby develop its role as a partner to the European paper industry.

Solam sells and develops modified starches to the paper industry through its companies in Germany and Sweden. Solam's market share corresponds to approximately 10% of modified starches used in the paper industry in Europe. Total turnover in Solam is roughly 400 MSEK.

More information about Solam.