Colombier Group N.V. has entered into an agreement with Taaleri Plc’s Bioindustry fund for investments in Colombier’s ecological packaging solutions. The purpose of the investment is to expand the production of the innovative Colombier EcoBarrierTM materials in Pyhtää, Finland.

The investment is part of Colombier’s long-term growth plan in food and beverage packaging. The future plans include a construction of a state-of-the-art greenfield site in Finland for production of barrier paper and board, and, investments in vertical integration across Colombier subsidiaries in Europe.

The investment is Taaleri Bioindustry I Fund’s first investment. The fund invests in industrial-scale production facilities and companies that can accelerate the scaling up of bioindustry production. Taaleri has EUR 2.5 billion of assets under management in its private equity funds and co- investments. The company has approximately 120 employees. Taaleri Plc is listed on Nasdaq Helsinki.

“Our innovative Ecological Packaging division has generated a great deal of interest from capital markets. We found a great partner in Taaleri to realise the tremendous growth potential of our award winning Colombier EcoBarrierTM products. We were particularly impressed by Taaleri’s in- house expertise in manufacturing and green tech. Our partnership will help bring more of our environmentally sound and sustainable products to global food and packaging users,” says Colombier Group’s CEO Juha-Markus Viitala.

“We are very happy to start working with Colombier. The market for sustainable packaging is growing rapidly, as plastic-based packaging is increasingly being replaced by paper- and cardboard-based products. Colombier has excellent products for this market and an expanding selection,” says Tero Saarno, Director of Taaleri Bioindustry.

Colombier’s vision is to produce and convert sustainable packaging materials that are recyclable and biodegradable, spare global resources, and make single-use plastic redundant.

About Taaleri

Taaleri is a Nordic investment and asset manager with an emphasis on renewable energy and other alternative investments. We channel capital towards economically profitable undertakings that have a lasting positive impact on the environment and society. We combine capital with talent, expertise, entrepreneurship, and a bold sense of purpose. We are a signatory of the UN Principles for Responsible Investment (UNPRI) since 2010, and we joined the Net Zero Asset Managers initiative in 2021. Taaleri’s vision is to be a Nordic forerunner in alternative investments focusing on sustainability.

Taaleri has two business segments: Private Asset Management and Strategic Investments. Private Asset Management consists of renewable energy, real estate and bioindustry businesses. The Strategic Investments segment includes Garantia Insurance Company Ltd.