The Board of Directors of BillerudKorsnäs has appointed Petra Einarsson new President and CEO of the company. Petra succeeds Per Lindberg who is, after 12 successful years, leaving BillerudKorsnäs on his own request for a new assignment. Petra Einarsson will assume her new position at the turn of the year 2017-2018. ”I am very glad to present Petra Einarsson as new President and CEO of BillerudKorsnäs”, says Lennart Holm, Chairman of the Board. “Petra is a highly experienced and competent leader. She has during her years as President of Sandvik Materials Technology shown her capability to successfully develop a complex process industry in a competitive environment. With Petra as new CEO, I am convinced we will succeed in our ambitions to further develop BillerudKorsnäs to new levels.” Click Read More below for additional information.
Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, announced today that it has acquired the thermal coating business assets of Appvion Holding Corp. and its subsidiaries (“Appvion” or the “Company”). Founded in 1907 and headquartered in Appleton, Wisconsin, Appvion is a leading provider of specialty and high-performance direct thermal coatings for label and film solutions as well as renewable, fiber-based consumer and industrial packaging solutions.
“Since our inception, we have built strong and long-lasting relationships with our customers by offering premium and innovative products, technical expertise and unparalleled service. Wynnchurch shares our values of safety, integrity, honesty and putting the customers first to deliver value. We are excited to partner with them to pursue our next phase of growth,” said George Wurtz, CEO of Appvion.
Greg Gleason, Managing Partner at Wynnchurch, said, “Appvion is the market leader in direct thermal coatings in North America because of its commitment to technology and product innovation for its customers. We’ve been impressed with the people and culture at Appvion and look forward to partnering with them to make significant investments to drive growth.”
more at source: https://www.businesswire.com/news/home/20211207005181/en/Wynnchurch-Capital-Acquires-Appvion%E2%80%99s-Thermal-Coating-Business