{"id":8485,"date":"2022-07-13T13:43:02","date_gmt":"2022-07-13T12:43:02","guid":{"rendered":"https:\/\/old.lindstromgroup.com\/uk\/?p=8485"},"modified":"2022-07-13T13:43:02","modified_gmt":"2022-07-13T12:43:02","slug":"lindstrom-invests-in-the-circular-economy-company-rester-and-becomes-the-companys-second-largest-owner","status":"publish","type":"post","link":"https:\/\/lindstromgroup.com\/uk\/article\/lindstrom-invests-in-the-circular-economy-company-rester-and-becomes-the-companys-second-largest-owner\/","title":{"rendered":"Lindstr\u00f6m invests in the circular economy company Rester and becomes the company\u2019s second largest owner"},"content":{"rendered":"<p><strong><em>Lindstr\u00f6m Group has participated in the funding round of Rester Oy, which offers textile recycling solutions, held in March 2022, and will become a significant minority shareholder in the company. With the participation, Lindstr\u00f6m\u2019s and Rester\u2019s co-operation to process Lindstr\u00f6m\u2019s Finnish and Baltic waste textiles for industrial reuse, which began in early 2021, will deepen and expand internationally. Lindstr\u00f6m\u2019s strategic goal is to recycle 100% of its textile waste globally by 2025.<\/em><\/strong><\/p>\n<p>The investment supports Lindstr\u00f6m\u2019s strategic goal to build environmentally friendly, circular economy-based textile services in cooperation with its partners. Rester is a well-known pioneer in its field, with a solid business foundation and scalable technology. The recycled fiber processed by Rester is used, for example, in the textile industry to produce fabrics or technical textiles, and in the construction industry for the production of insulation and composite materials and acoustic panels.<\/p>\n<p><img decoding=\"async\" class=\"alignleft wp-image-12934 size-thumbnail lazyloaded\" src=\"https:\/\/old.lindstromgroup.com\/old\/wp-content\/uploads\/2022\/04\/high-Juha-Laurio-0297-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/p>\n<p>\u201cRester collaboration was a strategic partnership for us from the beginning. We are a pioneer in our industry, and we want to accelerate the systemic change of the entire textile industry. Demand for sustainable textile services is growing in all our markets, and we strongly believe that lower emission recycled fibers will increasingly replace virgin fibers in a variety of textiles. Closer cooperation with Rester completes our circular economy operating model and supports the closed-loop product development of textiles, where end-of-life textiles are recycled as fiber back into fabric manufacturing,\u201d says\u00a0<strong>Juha Laurio<\/strong>, President and CEO of the Lindstr\u00f6m Group.<\/p>\n<p>Rester\u2019s CEO\u00a0<strong>Outi Luukko<\/strong>\u00a0emphasizes that the goal of the cooperation has always been to develop the circular economy of textiles. With the EU\u2019s textile strategy emphasizing the reuse and recyclability of textiles, this goal has proved to be extremely timely.<\/p>\n<p>\u201cLindstr\u00f6m has been involved in Rester\u2019s operations almost from the very beginning and has thrown itself with us to solve the challenges of textile recycling, and I see the participation as a very natural step in deepening our cooperation. Our common goal is to expand Rester\u2019s operations into the international market in the future. Lindstr\u00f6m has operations in more than 20 markets and a strategic goal to solve the recycling of waste textiles in all its operating countries. Strong cooperation enables a real win-win situation and the environment also thanks,\u201d says Luukko.<\/p>\n<p><img decoding=\"async\" class=\"alignright wp-image-12935 size-thumbnail lazyloaded\" src=\"https:\/\/old.lindstromgroup.com\/old\/wp-content\/uploads\/2022\/04\/1_OutiLuukko-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/p>\n<p>Taaleri Sijoitus Oy and Besodos Investors Oy also became owners of Rester during the financing round. Besodos is a family-owned investment company founded in 1995 that invests primarily in sustainable development companies. Taaleri, on the other hand, is a Nordic private equity fund with a vision to be a Nordic pioneer in alternative investments focused on sustainable development.<\/p>\n<p>\u201cBesodos Investors and Taaleri both represent responsible investing and focus on companies that promote a green transition. It is really valuable for an SME that is at the forefront of an evolving circular economy market like Rester to get information and experience from these stakeholders to solve the challenges of sustainable development and thereby support growth,\u201d says Luukko with satisfaction.<\/p>\n<p>Value Group acted as Rester\u2019s financial advisor during the financing round.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lindstr\u00f6m Group has participated in the funding round of Rester Oy, which offers textile recycling solutions, held in March 2022, and will become a significant&#8230;<\/p>\n","protected":false},"author":14,"featured_media":8486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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