SCA divests publication paper mill in Laakirchen
The initial purchase consideration is EUR 100m with a possible maximum
additional purchase price of EUR 100m based on a two-year
profit-sharing model. In conjunction with the transaction, an
impairment of EUR 50m has been recognized, which will be charged to
profit in the fourth quarter of 2012.In 2011 Laakirchen reported totaled sales of EUR 335m and had just over
500 employees. The annual capacity amounts to more than 500,000 tons.
In conjunction with the divestment, SCA and Heinzel Group have
concluded a sales cooperation agreement. SCA Forest Products’ and
Heinzel Group’s sales organisations complement each other and SCA will
have a stronger representation on several markets for its publication
paper, pulp and kraftliner products.
SCA’s remaining publication
papers operations will be concentrated to Sweden, close to its forest
holding.
The transaction is expected to be finalized in the first quarter of 2013 following approval by the relevant authorities.