BillerudKorsnäs Begins Process to Divest Its Paper Mill in Beetham, UK
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BillerudKorsnäs announced that it has started the process of putting its paper mill in Beetham, UK, up for sale.
The company said the process is ongoing and no binding agreement to divest the mill has yet been entered into.
BillerudKorsnäs explained that its machine glazed (MG) paper business has primarily been focused on the company's mill in Skärblacka, Sweden, and the strategic importance of Beetham to the rest of the group has been reduced.
Beetham produces kraft paper for packaging of medical equipment, food packaging and other types of industrial applications and has a capacity of around 45,000 metric tons per year. In 2020, the facility had sales of around SEK 480 million.
