Arctic Paper Acquires Grycksbo Mill in Sweden
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Arctic Paper, Sweden, has agreed to acquire the Grycksbo Paper mill in Sweden from the investment fund Accent Equity 2003. Arctic Paper will acquire 100% of the shares of Grycksbo Paper Holding AB, the sole owner of Grycksbo Paper. The total consideration, including cash payment and the issue of shares to Accent Equity, is SEK 590 – 640 million. The transfer of shares is set for March 1. The acquisition will boost Artic's capacity to 800,000-plus metric tpy. The company operates three paper mills in Kostrzyn, Poland, Munkedal, Sweden, and Mochenwangen, Germany. Grycksbo, located in the Dalecarlia region of Sweden, has a production capacity of 260,000 metric tpy of coated paper.
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