Stena Recycling Finland has agreed to sell its pallet business to Lassila & Tikanoja, pending regulatory approval. This divestment aims to streamline operations and focus on core recycling services, following the acquisition of Encore Ympäristöpalvelut in 2022.
As previously announced, Anders Jansson will step down from his position as President & CEO of Stena Metall AB at the end of the financial year on 1 September 2022 and will be succeeded by Kristofer Sundsgård.
Stena Recycling Finland has acquired Encore Environmental Services to expand its service offerings and enhance its market presence in Finland's recycling sector, effectively doubling its business. The acquisition supports growth in circular economy services, with no immediate changes for existing customers.
After 23 years as President and CEO of Stena Metall, Anders Jansson has decided to retire in connection with the end of the fiscal year August 31, 2022.
As part of a strategic review of the Group, the decision has been taken to divest Stena Components. The buyer is Lazarus Industriförvaltning AB.
Dan Sten Olsson has transferred his entire shareholdings in Stena Metall AB, the parent company in the Stena Metall Group, to his children Selma Olsson Åkefeldt and William Olsson.
Stena acquired IL Recycling AB in 2016 and, after a transition process, the company will become part of Stena Recycling AB on March 1. This strengthens the company's position as a provider of total recycling services in Sweden.
Kristofer Sundsgård will take over as President of Stena Recycling on September 1st. The current President, Staffan Persson, will become Head of Business Area Recycling for the Stena Metall Group.
Stena has strengthened its position as a leader in Swedish recycling through the acquisition of IL Recycling. The Competition Authority has approved the transaction and the agreement was signed on June 30.
Stena Metall is acquiring IL Recycling, a total waste management supplier of recycling services, with operations in Sweden and Poland. Stena Metall is developing its position through its subsidiary Stena Recycling AB, a leading company in industrial recycling.
