Taaleri's first bioindustry fund invests in Nordtreat
TAALERI'S FIRST BIOINDUSTRY FUND INVESTS IN NORDTREAT
Taaleri’s first bioindustry fund invests in Nordtreat, which produces bio-based, environmentally friendly and non-harmful flame retardants. The purpose of the investment is to strengthen Nordtreat's growth and expansion.
Since 2015, Nordtreat has developed and manufactured bio-based flame retardants for building materials made from renewable raw materials, especially for wood construction. The products are based on the company's patented fire protection technology. Nordtreat's products replace traditional flame retardants that contain compounds that are harmful to humans and the environment, such as boric acid, formaldehyde, and ammonia.
THE INVESTMENT IS TAALERI BIOINDUSTRY I FUND'S SECOND INVESTMENT
The fund invests in industrial-scale production facilities and companies that can accelerate the scaling of bioindustry production. Products can be, for example, bio- and recycled fibers, organic fertilizers, functional biomaterials and recycled materials to replace virgin products.
Taaleri Bioindustry I Fund complies with Article 9 of the EU Sustainable Finance Disclosure Regulation and is as such a so-called dark green fund that only makes sustainable investments in projects that, for example, contribute substantially to climate change mitigation. The fund has raised over EUR 100 million, and continues fundraising. The state-owned special-assignment company Finnish Climate Fund is the fund’s anchor investor.
NORDTREAT HAS A GREAT POTENTIAL FOR INTERNATIONAL GROWTH
In February 2022, Taaleri made an investment of one million euros in Nordtreat from its own balance sheet. This investment will be acquired by the fund in addition to the investment made now.
“We are very happy to continue our partnership with Nordtreat. We see great potential for the company’s international growth. We believe that the demand for sustainable flame retardants will grow in the international building product industry, as the responsibility requirements of developers become stricter”, says Tero Saarno, Director of Taaleri Bioindustry.
”Taaleri Bioindustry I Fund’s investment enables the scaling of production and supply of our bio-based flame retardant technology to a growing industrial customer base globally. In the past twelve months, we have been able to accelerate the commercialisation of our technology to two new industrial segments, cellulose insulation and kraft paper. We have also solidified our position as a preferred supplier for flame retardant solutions for the wood industry through Taaleri’s previous investment,” says Aki Borgentrop, CEO of Nordtreat.
Taaleri's vision is to be a Nordic pioneer in alternative investments focusing on sustainability. In addition to bioindustry projects, Taaleri promotes e.g. wind and solar power.
Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. The Company channels capital towards economically profitable undertakings that have a lasting positive impact on the environment and society, and combines capital with talent, expertise, entrepreneurship, and a bold sense of purpose. Taaleri is a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.
Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.
Taaleri has EUR 2.5 bn of assets under management in its private equity funds and co-investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.
Nordtreat is a growth company in the chemicals industry founded in 2015. The company is specialised in manufacturing of bio-based environmentally friendly flame retardants. Nordtreat’s patented technology is utilised in fire protection of sustainable construction products, especially in public and apartment buildings.
The company employs more than 30 people in Finland, France, Germany, Netherlands, Poland and Sweden, and operates its own production facility in Vantaa.
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