Sequana to shut down three Arjowiggins plants, acquires two packaging distributors in Latin America and in Europe

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Sequana is continuing to bring capacity into line with demand and reduce its cost structure while pursuing its development in emerging economies and in growth markets on the distribution side of the business.

Arjowiggins has presented the social partners and employees with its plans to close the Dalum Papir A/S plant in Denmark (graphic papers), the Ivybridge plant in the UK (papers used for security documents, creative papers) and the Witcel plant in Argentina (creative papers). Given the structural decline and overcapacity on the market, and following the shutting down of a machine at the Chartham plant (creative papers) in the UK in August 2012, Arjowiggins has decided to continue to adjust its capacity in line with demand and to close the three plants.

These capacity reductions represent a total of 126,000 tpy (including 103,000 tonnes for Dalum Papir A/S), or around 10% of the group’s total production capacity.

The closure of the Dalum Papir A/S and Witcel plants should be effective by the end of 2012, and the closure of the Ivybridge plant in the first quarter of 2014. Around 430 employees are concerned.

Furthermore, in line with its development strategy focusing on fast-growing market segments and geographical regions, Antalis has finalised two acquisitions of packaging product distributors, in Chile (Abitek) and in the Czech Republic (Branopac). These acquisitions were carried out for an enterprise value of €17m and will contribute additional full-year sales of around €15m.


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