date:May 24, 2012
The approval paves the way for Billerud Finland to acquire UPMs paper packaging facilities at Pietarsaari and Tervasaari.
The two machines, with a combined capacity of 300,000 tonnes, are said to have generated sales in 2011 reaching 220m (SEK 2bn). The sack and kraft paper products manufactured at the sites are used extensively in the food sectors as well as in retail, construction and other industries.
Pulp exposure reduced
The deal, expected to be completed in the second quarter of 2012,