- CEO
- Tomas Jozonis
- Full Time Employees
- 1,110
- Sector
- Process industries
- Industry
- Pulp & paper
- Address
- Grigiskes Lithuania
- IPO Date
- Feb 2, 1994
- Business
- Grigeo Group AB is a Lithuania-based industrial holding company that manufactures and sells paper, packaging, and wood fibre products across the Baltic states, Scandinavia, Poland, Germany, and broader European markets. Founded in 1923 and headquartered in Vilnius, Lithuania, the company operates across four primary business segments: Hygiene Paper, Paper Packaging, Hardboard Products, and Secondary Raw Materials Recycling.
The company's product and service portfolio encompasses: household and professional hygiene paper products marketed primarily under the Grite and Grite Professional brands, including multi-ply toilet paper, kitchen towels, napkins, facial tissues, industrial wiping papers, folded hand towels, medical sheets, dispensers, and liquid soaps; paper packaging and containerboard materials, including testliner, fluting, corrugated cardboard sheets, corrugated packaging boxes, honeycomb cardboard structures, and spiral paper cores; wood products, including hardboard panels, uncolored hardboards, and painted hardboards for the furniture, construction, and interior fitting industries; secondary raw material services, comprising waste paper collection, sorting, and processing operations; and auxiliary thermal energy production for industrial and municipal networks.
In recent corporate developments, Grigeo Group AB completed a structural reorganization establishing dedicated sub-holding entities, including Grigeo Hygiene UAB and Grigeo Paper Packaging UAB, to manage its operational divisions. The group expanded its European production footprint through strategic cross-border acquisitions, purchasing a tissue paper manufacturing plant in Niedomice, Poland, operated as Grigeo Tissue sp. z o.o., and acquiring 100% of Dortmund-based German hygiene paper producer Huchtemeier Papier GmbH. Additionally, the company initiated a €106 million multi-year investment program to double its tissue paper manufacturing capacity to 140,000 tonnes annually, highlighted by the installation of a high-efficiency Toscotec PM7 tissue paper production line at its Grigiškės manufacturing site.