Arctic Paper inn i Rottneros cellulose

07/11/2012

 

Arctic Paper to form an integrated pulp and fine paper group with a leading position in Europe – launches recommended public offer to the shareholders of Rottneros

Arctic Paper S.A. has announced a public offer to acquire all shares in Rottneros AB, a non-integrated and customized supplier of high quality paper pulp listed on NASDAQ OMX Stockholm. Rottneros’ Board of Directors has unanimously recommended the offer.

The combined group will be a leading European producer of bulky book paper, high-quality graphic fine paper and pulp for paper producers. In addition, it will remain a significant supplier of market pulp. The combined group will have a good balance between pulp production and consumption in the fine paper mills and thus be less volatile than the two companies as stand-alone entities. It will have four fine paper mills and two pulp mills.

Arctic Paper does not anticipate any material effects of the implementation of the offer for Rottneros’ business or employees, including employment conditions and employment levels at locations where Rottneros currently conducts business.
Until the completion of the offer, Rottneros and Arctic Paper will operate as two independent listed companies with their current boards and management teams, respectively.

A detailed press release describing the offer is available on www.arcticpaper.com.

For additional information, please contact:
CEO Michal Jarczynski  0048 601 74 79 83

Rottneros in brief
Rottneros is an independent producer of high quality, customized paper pulp for the open market. It is well renowned for its ability to continuously adapt to meet increasing customer expectations by developing its products and maintaining high levels of delivery reliability, technical support and service.
Rottneros operates two pulp mills in Sweden, with a total annual production capacity of approximately 400,000 tonnes. In 2011, Rottneros employed around 300 people and the consolidated sales revenue amounted to SEK 1,513 million (PLN 689 million). Rottneros is listed on NASDAQ OMX Stockholm since 1987.
More information regarding Rottneros is available on www.rottneros.com

fredag, 14 des, 2012