Sequana closes sale of Security division and exits the business

19 Apr 2018 − 

Sequana is no longer active in the security and banknote paper business. The company was sold to an investment company.

Sequana has done the last step to exit the banknote paper business. The company announced it had finalised the sale of its security paper division Arjowiggins Security to Swiss investment firm Blue Motion Technologies Holding. The division consists of the French Crèvecoeur mill in Jouy-sur-Morin near Paris, which produces banknote and security paper.

Sequana has progressively exited the security paper segment. In Summer last year, the company divested its Dutch subsidiary Arjowiggins Security BV along with its VHP paper mill in Apeldoorn to French rival Oberthur Fiduciaire. Back in May 2015, Sequana also sold its Brazilian subsidiary and banknote and security paper mill in Salto to Italy's Fedrigoni group, which only recently commissioned a new paper machine, doubling the site's capacity.

Find the entire article and any associated background information in EUWID Pulp and Paper no. 17.

Our weekly newsletter's print and e-paper versions keep busy professionals up-to-date on the latest news from European pulp and paper markets.

Test EUWID Pulp and Paper free of charge and without any obligation by clicking here.

Tags of this news:

previous − Austrocel to increase dissolving pulp capacity and enter biofuels production

EC sees no sufficient evidence for copy paper dumping by Austria, Finland and Slovakia on the market in Australia  − next