Industrialist Christian August Anker (1840-1912) developed Hønefoss Træsliberi which started its production of wood pulp in 1881.
[2] The pulp and paper group Edward Lloyd Limited, owner of Lloyd's Illustrated London Newspaper and the Daily Chronicle in London, operated huge paper mills in Kemsley, England.
The firm bought Hønefoss Træsliberi in 1902 in order to obtain a ready supply of wood pulp.
In 1906, the Lloyd company built a paper mill on Hvittingfoss with a capacity of approx.
In 1916, the Lloyd firm sold all plants and waterfalls rights to a consortium led by a Captain Hjalmar Johansen.