News dalla rete ITA

1 Marzo 2018

Sud Africa


South African paper multinational Sappi has completed the acquisition of Cham Paper Group (CPG). The transaction includes the acquisition of CPG’s Carmignano and Condino mills, in Italy, as well as its digital imaging business in Cham, Switzerland. Sappi is now able to move with speed to combine Cham’s strong brands, employees and assets with Sappi’s global presence. The acquisition supports Sappi’s diversification strategy and 2020 Vision to grow in higher-margin growth segments. Further, Sappi management says it will improve near-term profitability and serve as a platform for organic growth and further acquisitions. The acquisition will add €183-million of sales and strengthen Sappi Europe specialities and packaging paper business’ footprint and skills. The new mills add 160 000 t of speciality paper to Sappi's capacity and increase the group's relevance in specialities and packaging papers, opening up new customers and markets to Sappi’s existing products. (Engineering News) (ICE JOHANNESBURG)