Munksjö divestment completed
Aug 26 2011 Munksjö has completed the divestment of its packaging business to the Norwegian packaging company Tommen Gram Folie AS.
The transaction covers the whole of the Norwegian unit (Munksjö Inpak AS) and parts of the Swedish unit (Munksjö Inpak AB).Munksjö will, however, keep a large printing machine in Ed, Sweden, to ensure the growth and development of the Spantex business in Billingsfors, Sweden.Net sale for the divested parts was about 60 million Kronor in 2010. The was completed in August."This transaction is another step towards refining Munksjö as a specialty paper company" sais Jan Åström, CEO of Munksjö, when the deal was announced earlier this summer.
