Nordic Paper

What Nordic Paper does

Nordic Paper Holding AB (publ) is a Scandinavian specialty paper manufacturer that produces two principal product families—Natural Greaseproof paper and iamKraft® kraft paper—across five paper mills located in Bäckhammar, Säffle, and Åmotfors (Sweden), Greåker (Norway), and Québec (Canada). Its greaseproof technology achieves fat and grease barrier performance through natural manufacturing processes without the use of fluoro-chemicals (PFAS), and the entire Natural Greaseproof range received TÜV OK Compost Industrial and Home certification in 2025. The iamKraft® line spans MG paper, sack and MF paper, and a broad speciality portfolio serving e-commerce bags, industrial laminates, transformer electrical insulation, and technical converting, with sub-brands such as iamKraft ePack, iamKraft Natura®, iamKraft Coat®, and iamKraft Masque®.

The company sells B2B to manufacturers, converters, and distributors serving food packaging (baking paper, baking cups, pan liners, food-service wrap), e-commerce and retail bag production, and industrial/technical applications. Revenue is generated through one-time master-roll and pallet sales priced by quotation via Area Sales Directors, supported by a global distributor/agent network and a customer portal; 2024 revenue was MSEK 4,668, with deliveries to customers in more than 80 countries. Pricing is not publicly disclosed and contracts are typically multi-year, with anchor customers such as Norbag in the e-commerce/sack segment.

Nordic Paper was founded on paper-making heritage dating to the 1870s, IPO'd on Nasdaq Stockholm in October 2020, and was taken private in late 2024 when Strategic Value Partners (through Coniferous Bidco AB) acquired a controlling stake at SEK 50/share, culminating in delisting on September 23, 2025. The Bäckhammar plant runs on more than 98% biofuels, the company holds ISO 9001, FSC, FDA, SQF Level 2, and Kosher certifications, and it employs approximately 700 people globally.

Name

Nordic Paper

Legal name

Nordic Paper Holding AB (publ)

Website

https://www.nordic-paper.com/en

Company type

Private

Founded year

2001

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

Nordic Paper is a Scandinavian specialty paper manufacturer producing PFAS-free natural greaseproof paper and iamKraft® kraft paper for food packaging, e-commerce, and industrial applications across five mills in Sweden, Norway, and Canada, serving customers in 80+ countries with 2024 revenue of MSEK 4,668.

Ownership category

akta.pro rank

Product category

Specialty Paper Manufacturing

NAICS

Paper Mills (32212), Pulp, Paper, and Paperboard Mills (3221), Converted Paper Product Manufacturing (3222), Paper Bag and Coated and Treated Paper Manufacturing (322220)

SIC

Paper Mills (2621), Papers & Allied Products (2600), Converted Paper & Paperboard Prods (No Contaners/Boxes) (2670)

akta.pro primary industry

Corrugating Medium (Virgin & Recycled) Manufacturing (IMAMAFAC)

akta.pro secondary industries

Paper-Based Packaging & Single-Use Paper Products (Paper Bags, Wraps, Cartons) (CRADALAL), Aluminum Foil & Parchment Paper (CRAJAGAD)

Keywords

• Specialty paper manufacturing
• Natural greaseproof paper
• Kraft paper production
• Food packaging paper
• PFAS-free paper

Headquarters

HQ city

Greåker

HQ country

Norway

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Specialty Paper Sales: Nordic Paper generates revenue through the direct sale of specialty paper products, including Natural Greaseproof paper and iamKraft® kraft paper, to manufacturers, converters, and distributors worldwide. Products are sold in master rolls or pallets of small rolls. Revenue for 2024 was MSEK 4,668. The company serves customers in more than 80 countries.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Nordic Paper manufactures and sells two families of specialty paper: Natural Greaseproof Paper (baking and cooking papers, baking cups, food packaging, barrier paper, and graphic print paper) and iamKraft® Kraft Paper (MG paper, sack and MF paper, and speciality kraft grades for e-commerce bags, industrial laminates, and electrotechnical insulation). Products are produced at five paper mills in Sweden, Norway, and Canada and sold as master rolls and palletized small rolls to manufacturers, converters, and distributors in more than 80 countries.

Product overview

Nordic Paper is a Scandinavian specialty paper manufacturer producing two main product lines: Natural Greaseproof Paper and iamKraft® Kraft Paper. The Natural Greaseproof line includes baking & cooking papers (Eco-Bake®, Silidor®), baking cups and food containers (Candor®), packaging papers (SuperPerga®), tube winding papers, and pan liner papers—all made without PFAS. The iamKraft® line encompasses MG paper, sack/MF paper, and speciality papers (iamKraft ePack for e-commerce, iamKraft Natura® for bags, and various coating/impregnation papers). The company operates five paper mills across Sweden, Norway, and Canada, producing papers from renewable wood raw materials sourced from sustainably managed forests.

Differentiator

Problem solved

Functional benefit

Brands

• iamKraft®: Kraft paper brand known for high strength and sustainability, used in applications including e-commerce bags, sacks, and industrial packaging.
• Natural Greaseproof
• iamKraft ePack
• Eco-Bake®
• Silidor®
• Candor®
• SingleProof®
• SuperPerga®

Products and services

• Natural Greaseproof Paper A proprietary line of greaseproof paper providing natural fat resistance and grease barrier properties without added PFAS, used by manufacturers, converters, and distributors in food packaging, baking, cooking, baking cups, barrier, and graphic print applications. The range carries TÜV compost certification, FDA food-contact approval, SQF Level 2 food safety certification, FSC chain-of-custody, and Kosher certification.
• iamKraft® Kraft Paper A family of high-strength kraft papers produced in Nordic climates, used by industrial and packaging converters in MG, sack/MF, and speciality grades for e-commerce bags, sacks, laminates, electrotechnical insulation, impregnation, saturation, lining, coating, gumming, and masking applications.
• iamKraft ePack Unbleached kraft paper specifically designed for e-commerce bags, offering high durability (paper bags tested survived nine international mail deliveries across six countries) and 100% biodegradability, with excellent runnability on modern converting lines.
• NPQ Pan Liner Papers Food-contact pan liner paper offering non-stick performance and high grease resistance for commercial and industrial baking operations, with FDA, SQF Level 2, FSC, and Kosher certifications.
• NPQ Tube Winding Papers Economical greaseproof paper for textile thread-cone winding, with high resistance to grease and rubbing and well-fixed dyes that prevent color bleeding onto threads, available in 17 color variants for thread identification.

Quantifiable outcome

• The entire Nordic Paper greaseproof range is certified compostable by TÜV, breaking down in home compost within one year
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Centre Technique du Papier (CTP)minorStrategic or Co-development Partner · 1 July 2022Nordic Paper entered into a two-year strategic partnership with CTP in France to explore and develop improved natural grease barriers without added fluoro-chemicals. The collaboration focuses on lab tests to advance Nordic Paper's natural greaseproof technology, with the goal of expanding the market for natural greaseproof papers to replace plastic or aluminum-based food packaging solutions.
• NorbagcoreChannel Partner/ Reseller/ Distributor · 1 May 2022Norbag is a manufacturer of paper bags founded in 2004 with twelve bag-making machines and approximately 96 employees. Nordic Paper became Norbag's exclusive supplier of unbleached kraft paper (iamKraft Natura®) for carrier bags supplied to a Swedish government-owned beverage retailer. The partnership is local and regional, with paper production in Bäckhammar and bag conversion in Töcksfors, Värmland, minimizing transportation and carbon footprints.
• Anton Persson (Elite Cross-Country Skier)minorGTM or Marketing Partner · 1 January 2021Anton Persson, an elite cross-country skier from Värmland and member of the Swedish Ski Team, became Nordic Paper's new brand ambassador representing the iamKraft® family. The partnership supports local sports and aligns with iamKraft® brand values of strength, endurance, flexibility, and sustainability.
• Swedish National Baking TeamminorGTM or Marketing PartnerNordic Paper partners with the Swedish National Baking Team as part of its brand and community engagement, with the team using Nordic Paper's greaseproof products.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Ahlstrom: Finland-based specialty paper manufacturer with leading positions in filtration, food packaging and release liners. Closest direct competitor to Nordic Paper's greaseproof and specialty kraft lines, particularly in food-contact and PFAS-free barrier paper.
• Billerud: Swedish kraft paper and packaging paper producer with significant production of sack kraft and MG papers for industrial and food applications. Directly comparable to Nordic Paper's iamKraft sack and specialty kraft portfolio.
• Heinzel Group: Austrian paper group producing uncoated and packaging papers, including specialty kraft grades. Overlaps with Nordic Paper in European specialty kraft and packaging paper segments serving converters and brand owners.
• Burgo Group: Italian manufacturer of coated and specialty papers for publishing, packaging and industrial applications. Comparable to Nordic Paper in specialty coated paper and pulp-based substrates for converters in Europe.
• Pixelle Specialty Solutions: US specialty and technical paper manufacturer producing specialty papers including food-contact and release grades. Comparable to Nordic Paper's greaseproof and technical kraft applications, particularly for North American food and industrial converters.

Broad incumbents

• Mondi Group: Global paper and packaging group with a large kraft paper business (EcoWorx and sack kraft) serving industrial and e-commerce bag applications. Competes with Nordic Paper in sack kraft and protective packaging paper markets but at meaningfully larger scale.
• Stora Enso: Nordic pulp and paper major with a broad kraft, packaging board and biomaterials portfolio. Operates alongside Nordic Paper in kraft paper and food-grade packaging substrates across the same customer base in Europe.
• UPM-Kymmene: Finnish pulp, paper and biomaterials company with specialty paper, label materials and kraft paper exposure. Competes with Nordic Paper in specialty kraft grades and sustainable food-contact paper applications in Europe.
• Domtar (Paper Excellence): North American pulp and paper manufacturer with broad uncoated free-sheet, specialty and packaging paper products. Provides a comparator for Nordic Paper's specialty/converted paper mix, particularly via Paper Excellence ownership.

Regional players

• Cascades Inc. Canadian tissue, packaging and specialty paper producer with North American mill footprint overlapping Nordic Paper's Québec greaseproof operations and serving similar food-service and converting customers in the Americas.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebooksv-se.facebook.com/pages/category/Company/Nordic-Paper-1518197315083296
• LinkedInlinkedin.com/company/nordic-paper
• Instagraminstagram.com/nordic_paper

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Paper