At the start of the 2010’s, Nefab intensified the focus on serving global customers in market segments such as Telecom, Energy, Industry, Vehicles, Healthcare and Aerospace.
In 2010 Nefab strengthened the footprint in North America via the acquisition of Chick Packaging, thereby expanding the capabilities to successfully serve targeted industries and global customers in the US. In April 2015 the Nordgren/Pihl family and FAM (Wallenberg foundations) joined forces in a long-term 50/50 ownership agreement. A partnership providing the financial strength and strategic endurance to support Nefab’s next growth journey.
Today Nefab is continuing to rapidly expand both the geographical footprint, as well as broadening the base of global customers, worldwide. The increased focus on innovation in green materials and solutions is clearly paying off. Nefab is realizing its vision of being the preferred global partner for sustainable packaging solutions and logistics optimization services.
For many years Nefab had been serving the US market from the manufacturing site in Peterborough. The products were manufactured in Canada and shipped to United States. At the time Nefab did not really have the capabilities to help global customers with local supply and service throughout the United States. Therefore, Nefab took the decision to strengthen the footprint in North America via the acquisition of Chick Packaging, which strengthened the capabilities to successfully serve targeted industries and global customers in the US. Over-night the sales teams in the US were backed up by over 600 employees across 17 sites in the United States, plus one site in Hamburg. Chick Packaging was a North American leader in industrial packaging solutions and services – headquartered in Texas. The acquisition of Chick Packaging significantly increased Nefab’s capability in delivering complete packaging solutions in North America. With the addition of Chick Packaging’s expertise, reputation and footprint throughout the US, Nefab could now provide packaging solutions and services for several important customer segments, including power generation, medical and telecom/electronics.
The Nordgren family founded Nefab in 1949, and was until 2007 the majority owner of the company. During the period from 1996 to 2007, the company was listed on the Stockholm Stock Exchange and from 2007 until 2014, the family co-owned Nefab with the investment group Nordic Capital. In October 2014, the Nordgren/Pihl family once again became the sole owner by buying Nordic Capital’s shares, while also announcing the intent to find a financially strong co-owner and partner – a partner that would share the family’s long-term focus.
– Our goal was to find an ownership structure where we didn’t have to focus on quarterly reports. We wanted to work for long-term, stable growth, placing Nefab in an environment that could nurture the company’s long-term growth potential. We found the perfect partner in FAM, says Ing-Marie Nordgren, daughter of Nefab’s founder, Hans-Elov Nordgren. FAM is owned by the three largest Wallenberg Foundations, and in April 2015 FAM joined the Nordgren/Pihl family as co-owners of Nefab.
– In our long-term partnership with the Nordgren/Pihl family we also want to provide access to our wider network of industrial companies, thereby creating even better conditions for Nefab to realize its vision of becoming the preferred global partner for sustainable packaging solutions and logistics optimization services, says Lars Wedenborn, CEO of FAM. Jochum Pihl adds:
– This co-ownership is perfect for Nefab, since it provides the financial stability and strategic endurance to realize the full potential of Nefab in a transforming market.
It is now more than 70 years since Nefab was founded. What started as a Swedish manufacturer of heat resistant bread boxes has developed through the decades into a leading global provider of sustainable packaging solutions and logistics services, with operations all around the world.
Nefab has come a long way from improving bread boxes, but a core lesson from those days has endured. We innovate to simplify for our customers!
Over the years, this principle has become a cornerstone within Nefab, guiding the thinking behind many groundbreaking multi-material solutions – often developed in close collaboration with our customers around the world.
Today, Nefab is on a new growth journey realizing the ambition of being – The preferred global partner for sustainable packaging solutions and logistics optimization. The focus on global customers is taking center stage and Nefab is continually expanding the global footprint to match their needs. Additionally, Nefab is strengthening the capabilities within multi-material engineering and services – with the objective to further add value in terms of lower supply chain costs and reduced environmental impact. This value proposition is proving increasingly relevant, powered by continuous investments in new green materials and IoT-solutions.