Kvika and SÍA IV-backed ROTOVIA completed the acquisition of the district casting operations of Berry Global.

Kvika and SÍA IV-backed ROTOVIA completed the acquisition of the district casting operations of Berry Global. Financial terms were not disclosed. "ROTOVIA fits in well with Freyja's investment policy, as Rotovia is a leader in its field as the largest district casting company in Europe. The company has focused on innovation in sustainability and recycling of raw materials, and a new group of owners will strengthen this development. The business has generated a strong cash flow despite changes in ownership and economic challenges in recent years, thanks to a strong team of key executives who are also part of the ownership group. There are great opportunities in bringing operations, which were previously part of a large international company, into a new independent company. The company's next projects will be to seize those opportunities, as well as to continue investing in product development with an emphasis on increasing the proportion of recycled raw materials in the company's products, " Margit Robertet, Freyja Managing Director.