Kebony ASA, an Oslo, Norway-based provider of durable and environmentally friendly wooden products, has completed a €12m financing round led by the Environmental Technologies Fund (ETF).
The funds wll used to support Kebony in its international expansion.
Commenting on the funding, Christian Jebsen, CEO of Kebony, was reported as saying: “We believe Kebony is a solution for the future and I am very pleased to have ETF on board to help us achieving our global ambitions”.
The company operates a production facility with 30,000 cubic meters of capacity, commercializes its products into the global cladding, decking and flooring markets and provides licensing packages for the brand and the technology.
The London-based Environmental Technologies Fund L.P. is a £110m investment vehicle focused on investing in companies “whose products and services deliver a significant environmental and economic benefit”.
FinSMEs
01/12/2009