Our story

BillerudKorsnäs merges with Verso to become a leading sustainable packaging materials and paper company.

 

As a key step in fulfilling the 2030 strategy BillerudKorsnäs has acquired Verso – a leading producer of coated paper in the USA.

The merger with Verso will be the cornerstone of BillerudKorsnäs’ expansion in North America. Over time, BillerudKorsnäs will create one of the most cost-efficient and sustainable production platforms in the industry by converting several of Verso’s manufacturing assets into paperboard machines while maintaining its position as quality and cost leader in specialty and coated paper. This platform will be uniquely positioned geographically to serve the growing domestic market in the USA with high-quality, low carbon-footprint packaging materials.  

 

Passionately committed to sustainability, quality, and customer value

The combined competences of both Verso and BillerudKorsnäs will further enable sustained profitable growth through the provision of superior packaging and paper materials that are made from virgin fibers. Together, we are building a company that is passionately committed to sustainability, quality and customer value. The combined company has ten production units in Sweden, USA, and Finland with around 5800 employees in over 13 countries and customers in over 100 countries. The company has an annualized turnover of approximately SEK 37,2 billion and is listed on Nasdaq Stockholm.

 

A strong safety culture sits at our core and providing a safe working place for all remains our highest priority. Our goal is to work systematically to produce a result of zero lost time due to injury and to go beyond to create a diverse and inclusive working environment where all can flourish equally.

One BillerudKorsnäs

Moving forward the foundational elements of our strategy will not change. Specifically, we will shape a sustainable future, win with our people and act as one BillerudKorsnäs.

 

Shaping a sustainable future will require we continue to build on the many external accreditations that we have received over the years. We will do this by leading the debate on sustainable packaging and paper, setting and striving to beat the most ambitious sustainability targets and importantly taking our knowledge to our customers so we can enable them to utilize climate smart products.

 

Winning with our people is about thinking forward to develop the right skills to meet the challenges ahead, growing our talents and developing a rich succession plan and embracing the diversity for better decision making. It is also about activating and energizing our company values of daring to innovate, placing the customer at the center, leading the change and caring for each other.

 

We are also building one company with one operating model for the future by developing uniform working methods, systems and processes across BillerudKorsnäs.

 

BillerudKorsnäs is on a constant mission to challenge conventional packaging for a sustainable future – and is now set to continue its sustainability journey together with Verso, to build the most sustainable paper and packaging materials company in the world.

 

About BillerudKorsnäs

BillerudKorsnäs provides paper and packaging materials that challenge conventional packaging for a sustainable future. We are a world leading company in superior paper and packaging materials made from primary fibre; passionately committed to sustainability, quality, and customer value. The company has ten production units in Sweden, USA, and Finland with around 5800 employees in over 13 countries and customers in over 100 countries. BillerudKorsnäs has an annualized turnover of approximately SEK 37,2 billion and is listed on Nasdaq Stockholm.

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Regulatory Press release
31 Mar 2022

BillerudKorsnäs completes acquisition of Verso

BillerudKorsnäs announces the completion of its acquisition of Verso for a purchase price of approximately USD 825 million in cash. Verso is a...

Our strategy

BillerudKorsnäs has a great opportunity as trends combine to support growing demand for our renewable, high-quality products.

Verso

Visit www.versoco.com