Elof Hansson, a Sweden-based forest products trading organization with a wholly owned subsidiary known as Elof Hansson Inc. headquartered in Elmsford, N.Y., has announced the acquisition of recovered fiber broker Viking Fibres.
The operations of Viking, a paper brokering and recycling operation based in Bensalem, Pa., have been merged effective immediately into the Fiber Division of Elof Hansson Inc., according to a news release from Elof Hansson.
“This acquisition follows more than six years of a fluid and fruitful working relationship with Viking Fibres, and it will significantly advance the strategic direction which our company has chosen to follow,” says Edwin Perné, president of Elof Hansson Inc.
“Our primary objective is to strengthen our fiber supply base in order to support our growing demand for recycled fibers,” adds Perné. “In this respect we have also established an office in the Netherlands, earlier this year, in order to strengthen our procurement from Europe and sales into Europe. Overall we are forecasting to double the total traded tonnage of the division over the next 24 months.”
Viking Fibres was founded in 1986 by Mark Golen. “We’ve collaborated well with the Elof Hansson Fiber Group for many years,” says Michael Fireman, president of Viking Fibres. “We share an approach marked by traditional business values, hard work and the spirit of partnership. Combining our teams and the financial strength of the Elof Hansson group will benefit all of our existing and future partners throughout the world of recycling.”
The Elof Hansson Group conducts international trade in the forest products, industrial products and consumer products business areas. It operates primarily through a global network of wholly owned subsidiaries. The company was founded in 1897 by merchant Elof Hansson and is now owned by the Elof Hansson Foundation, with the group head office in Gothenburg, Sweden.