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Juan Carlos Bueno is Vice President of Stora Enso Biomaterials © Stora Enso

Stora Enso buys biotech manufacturer for € 24 million

Article by Dinah Urban, translated by Robert Spannlang | 24.06.2014 - 00:01
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Juan Carlos Bueno is Vice President of Stora Enso Biomaterials © Stora Enso

Stora Enso, Helsinki/FI, recently acquired a 100% stake in Virdia for € 24 million. The US-based developer of technology for the production of sugars and lignins from cellulosic biomass is to increase Stora Enso's expertise in biorefining. "This acquisition is in line with our growth strategy in the field of bio-based materials and chemicals", says Juan Carlos Bueno, Vice President of Stora Enso Biomaterials.