Metsä Tissue, part of Metsä Group, announced on December 23, 2019, that it has agreed to divest its napkin business to keeeper Group, which is part of Mutares Group. The transaction includes the real estate, machinery and equipment and warehouses at the Stotzheim mill in Germany as well as the Fasana and Mondial brands. The transaction was completed on February 29.
According to 9&10 News, an important business in the Cheboygan community is getting ready to expand after over 25 years of ups and downs. The Great Lakes Tissue Company started making toilet paper in Northern Michigan in the 1990s. After a rough patch during the recession, they are now rolling on to bigger and better things.
