European Competition Commission clears Arjowiggins for sale of Decor, Abrasives, Thin Papers and Fine Arts businesses of its mills in Arches, France, and Dettingen, Germany, to specialty paper company Munksjo
February 21, 2011
– Arjowiggins has announced that the European Competition authorities have today approved the sale of the Decor, Abrasives, Thin Papers and Fine Arts businesses of its mills located in Arches (France) and Dettingen (Germany) to the Munksjö group. Furthermore, the consultation process with the company’s work councils was completed in early February.
The two groups will sign a definitive agreement in the coming days and the transaction will close in early March.
World’s leading manufacturer of creative and technical paper, Arjowiggins, a fully-owned subsidiary of Sequana, is a company with a focus on cutting-edge technology to provide its clients with the pioneering solutions best suited to their specific needs. Arjowiggins has been at the forefront of the move towards environmentally-friendly paper and paper incorporating security requirements.
With 6,300 employees and 27 production facilities, Arjowiggins generated €1.5 billion sales in 2009.
Munksjö is an international specialty paper company producing a focused range of high-value-added paper to a selection of industrial sectors. Munksjö has world leading market positions in specialty paper for example: upgrading laminate surfaces for flooring; furniture and interior design, electro technical paper for insulation in high-voltage cables and interleaving to the steel industry. Production facilities are in Germany, Spain, Norway, China and Sweden. We have customer service centres, sales offices and agencies with global reach.
Estimated sales for 2010 are €390 million and the number of employees will be approximately 1,050 employees.
Sequana (NYSE Euronext Paris: VOR) is a major player in the paper industry, boasting leading positions in each of its two businesses: ␣ Antalis: European leader in the distribution of paper and packaging products, with more than 6,900
employees based in 51 countries. ␣ Arjowiggins:Worldleaderincreativeandtechnicalpapers,witharound6,300employees.
Sequana reported sales of €4.1 billion in 2009 and employed some 13,000 people worldwide.