M&A Deal Summary

MIMIR Acquires Trillora Packaging Solutions

On July 13, 2023, private equity firm MIMIR acquired packaging company Trillora Packaging Solutions from Billerud

Acquisition Highlights
  • This is MIMIR’s 1st transaction in the Packaging sector.
  • This is MIMIR’s 1st transaction in the United States.
  • This is MIMIR’s 1st transaction in Oregon.

M&A Deal Summary

Date 2023-07-13
Target Trillora Packaging Solutions
Sector Packaging
Buyer(s) MIMIR
Sellers(s) Billerud
Deal Type Divestiture

Target

Trillora Packaging Solutions

Portland, Oregon, United States
Trillora Packaging Solutions offers customized packaging solutions to global brands and retail chains with manufacturing in Asia and has a large network of production partners. Trillora Packaging Solutions is based in Portland, Oregon.

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Buyer(S) 1

Buyer
DESCRIPTION

MIMIR is an investment group that acquires non-core business units of larger corporations as well as private companies that need operationally oriented ownership. Broad areas of interest include manufacturing, industrials, pharma & chemicals, medical devices, software, hardware, and paper/pulp. MIMIR was established in 2016 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 11 of 11
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 8 of 8
State: Oregon M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Lindemann

Düsseldorf, Germany

Lindemann designs, develops, and produces machinery and facilities for the scrap and metal processing industry, automotive industry as well as foundries, steel mills and metal producing industry. Lindemann was founded in 1913 and is based in Düsseldorf, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-12 Si-Glass

Sauda, Norway

Si-Glass is a manufacturer of safety glass, that offers the Norwegian market competitive and functional glass solutions that cater to their customers’ needs for resource efficiency while also meeting environmental and safety standards, its clientele spans the construction, industrial, maritime, and offshore sectors. Si-Glass is based in Sauda, Norway.

Sell -

Seller(S) 1

SELLER

Billerud

Solna, Sweden

Category Company
Founded 1926
Sector Forest Products
Employees5,890
Revenue 43.5B SEK (2024)
DESCRIPTION

Billerud is a pulp and paper manufacturer that provides packaging materials and solutions that challenge conventional packaging for a sustainable future. It is a provider of primary fiber-based packaging materials and has customers in over 100 countries. Billerud was formed in 1926 and is based in Solna, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Oregon M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Verso

Miamisburg, Ohio, United States

Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.

Buy $825M