The Finnish private equity fund UB Forest Industry Green Growth Fund (UB FIGG) and the specialty chemicals group Altana are investing in the technology company Nordtreat. The parties have agreed not to disclose the investment amount. The Finnish company Nordtreat specializes in the development and production of high-performance and environmentally friendly fire retardants. Nordtreat relies on bio-based raw materials. The Norflam products comply with the latest fire protection regulations and are already being used successfully today.
Developing bio-based flame retardant additives
Founded in 2015, Nordtreat has been expanding its product and service portfolio for bio-based, environmentally friendly fire retardants ever since. In addition to the investment, the company also agreed with Altana's BYK division to develop bio-based flame retardant additives. "We see a growing demand for bio-based solutions for flame retardant additives. Building on this, we are pooling our innovative strength to jointly develop novel, bio-based additives for fire protection," says BYK division head Dr. Jörg Hinnerwisch.