Waselius advised United Bankers’ UB Forest Industry Green Growth Fund I LP (“UB FIGG”) and the Germany-based specialty chemicals group ALTANA in their investment in Nordtreat Group Oy, a Finnish technology company specialising in the development and production of innovative, high-performance, and environmentally friendly flame retardants. Utilizing bio-based raw materials, Nordtreat’s products comply with the latest fire protection regulations and have been used to protect over 2000 buildings worldwide. The company’s flagship technology, NORFLAM®, is designed to provide superior fire protection while maintaining environmental sustainability.
UB FIGG is a private equity fund investing in companies focused on plastic and other fossil-based material replacements, higher value and more efficient use of wood and agricultural raw material side streams and greater use of these raw materials across a wide range of intermediate and end uses. Through its investments, the fund helps the forest and bio-based industries to create solutions to mitigate climate change.
ALTANA Group, headquartered in Wesel, Germany, is a global leader in true specialty chemicals with 64 production facilities and 68 service and research laboratories worldwide. The Group employs around 8,000 people and achieved sales exceeding EUR 2.7 billion in 2023. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector, and the electrical and electronics industry.