Cappelen Holding is a family-owned investment management company that holds ownership interests in enterprises that focus on industrial trade and production, natural resources harvesting and processing, and renewable energy supply. Current holdings include Ulefos Holding AS, REEtec AS, Thor Energy AS, Holla Gård ANS, S.D. Cappelen Skoger ANS, Ulefos Kraftverk DA, Norsjøkraft AS, and Norsjø Golfpark AS.