US-Investor Tower Brook Capital Partner plans to expand the Hallein pulp mill's capacities and diversify its product portfolio.
Austria's timber processing and wood products company Schweighofer Group has divested its dissolving pulp and bio-energy subsidiary Schweighofer Fiber to Tower Brook Capital Partners. The closing of the transaction was completed on 12 September. Financial terms of the transaction were not disclosed.
Schweighofer Fiber employs 240 people and had sales of €143m in 2016. The company's pulp mill in Hallein has a production capacity of 150,000 tpy of dissolving pulp for viscose applications. According to Schweighofer Fiber, the US-Investor Tower Brook Capital Partner plans to expand the pulp mill's capacities, diversify its product portfolio and create value from production sidestreams.
With the divestment of the pulp business Schweighofer Group "enhances its focus on its core business of wood processing," the group announced.
Find the entire article and any associated background information in EUWID Pulp and Paper issue 38/2017.
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