Nordic Paper to be acquired by Anhui Shanying Paper
Publish date: 21 Jul 2017 09:40
Nordic Paper is a leading Swedish-based producer of kraft and greaseproof paper. Three of Nordic Paper’s mills are located in Sweden, and the fourth one in Norway.
A China-based pulp and paper company, Anhui Shanying Paper Industry Co., LTD (“Anhui Shanying Paper”), has entered into an agreement to acquire 100 % of the shares in Nordic Paper Holding AB from Special Situation Venture Partner lll and Petek GmbH.
A China-based pulp and paper company, Anhui Shanying Paper Industry Co., LTD (“Anhui Shanying Paper”), has entered into an agreement to acquire 100 % of the shares in Nordic Paper Holding AB from Special Situation Venture Partner lll and Petek GmbH.
The new owner, Anhui Shanying Paper, is a part of Taison Group. The company is listed at the Shanghai Stock Exchange since 2001. Anhui Shanying Paper has communicated to the stock market its intention to expand and diversify, both in terms of product portfolio and geographically. Today its core business consists of recycled fibre trading, kraft paper manufacturing, packaging, design, printing and logistics.
Nordic Paper will remain as an independent European pulp and paper company and there will be no changes regarding the business or operations at the moment.
The transaction is subject to approvals by relevant Chinese authorities as well as the shareholders’ meeting of Anhui Shanying Paper.
We have been producing paper in Scandinavia since the late 19th century and continue to make top-quality paper and pulp that suits our customers’ needs today. We are an independent manufacturer and our modern paper and pulp mills are the heart of our business. Living and working in the heart of Scandinavia, we are surrounded by nature, where the vast forests of inland Sweden and Norway provide the raw materials for the premium Natural Greaseproof (http://www.nordic-paper.com/our-paper/natural-greaseproof-paper) and Kraft paper (http://www.nordic-paper.com/our-paper/kraft-paper) we produce.We are your global paper partner; today we supply customers in more than 80 countries. We deliver the paper you want with the specifications you need. We work with you to develop and manufacture exactly the right paper to help you do better business.We have mills in Bäckhammar, Säffle and Åmotfors in Sweden, as well as in Greåker in Norway. Our headquarter is located in Bäckhammar.