Sappi acquires speciality paper business from Cham Paper Group
Sappi has agreed to acquire the speciality paper business of Cham Paper Group Holding AG (CPG) for CHF146.5 million (approximately US$149 million). The transaction includes all brands and know-how, the Carmignano and Condino mills in Italy, as well as their digital imaging business and facility situated in Cham, Switzerland. The acquisition will be financed from internal resources. We are working to obtain approval from the relevant competition authorities and trust that we can announce completion during the first calendar quarter 2018.
This acquisition will increase our capacity and provide our current and new customers with an expanded and enhanced product offering. The additional products will complete the wide portfolio of Sappi Packaging and Speciality Papers. This includes for example glassine, coated release liner and face stock papers.