Arjowiggins said it planned to sell the Decor, Abrasives, Thin Papers and Fine Arts businesses of its mills located in Arches (France) and Dettingen (Germany) to the Munksjö group. The project, which remains subject to the approval of the European Competition authorities, would be finalised in the first quarter of 2011. The enterprise value of the Arches and Dettingen businesses was placed at €95m.
Arjowiggins to sell its Arches and Dettingen operations to Munksjö
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