Weekly

Elof Hansson Group takes over Dede Paper and Board


Igor Dugandzic, 12 July 2024


Sweden's forest products trading company Elof Hansson Trade is setting its foot into the Italian market through the acquisition of Dede Paper & Board.

Elof Hansson Group has acquired 100 per cent of Italy's Dede Paper & Board. Dede operates as agency and consultancy for company's in the pulp and paper industry.

According to Elof Hansson Group, the acquisition of Dede is a strategic move aimed at strengthening the group's connections with both suppliers and customers in southern and central Europe. “This acquisition is a part of our strategy to expand our presence in Italy and surrounding markets. I am looking forward to see a bright future together with Dede,” said Mikael Forslund, CEO of Elof Hansson Group.

Daniela Cogliati has been appointed as the Managing Director of Dede Paper & Board, ensuring the continuity of the company's sales operations. Dede's former managing director Eude Falvo will take on an international sales role within the Elof Hansson organization, the group announced.

Elof Hansson Trade is trading in pulp, paper, board, machinery and components, and forest-based building materials. The company is also providing financing, logistics and risk management services. Elof Hansson Trade had sales of SEK5.72bn in 2023, an increase of 16 per cent compared to the prior year. Operating profit stood at SEK74m, down from SEK193m in 2022.

Source: Euwid