Nordic Paper to Be Acquired by Anhui Shanying Paper
Print this Article | Send to Colleague
A China-based pulp and paper company, Anhui Shanying Paper Industry Co., has entered into an agreement to acquire 100% of the shares in Nordic Paper Holding AB, Sweden, from Special Situation Venture Partner lll and Petek GmbH.
The new owner, Anhui Shanying Paper, is a part of Taison Group. The company is listed at the Shanghai Stock Exchange since 2001. Anhui Shanying Paper has communicated to the stock market its intention to expand and diversify, both in terms of product portfolio and geographically. Today its core business consists of recycled fiber trading, kraft paper manufacturing, packaging, design, printing, and logistics.
Nordic Paper will remain as an independent European pulp and paper company and there will be no changes regarding the business or operations at the moment.
The transaction is subject to approvals by relevant Chinese authorities as well as the shareholders’ meeting of Anhui Shanying Paper.
Nordic Paper has been producing paper in Scandinavia since the late 19th century and continues to make top-quality paper and pulp today, including natural greaseproof and kraft papers. The company is an independent manufacturer and its modern paper and pulp mills are the heart of its business. Nordic Paper has mills in Bäckhammar, Säffle, and Åmotfors in Sweden, as well as in Greåker in Norway.
