Woodfree uncoated paper manufacturer Sylvamo has agreed to acquire Stora Enso’s fine paper mill in Nymölla, Sweden, for €150m. "The agreement includes the mill, the strong brands it produces and the people who make it happen, " Sylvamo announced.
The deal between Stora Enso and Sylvamo is part of Stora Enso's plan to divest four of its five fine and publication paper mills and focus on packaging solutions and renewable materials business. A couple of days before, the company had already announced the divestment of its Maxau publication paper mill to Germany's retail giant Schwarz group....
