The disposal of Arjo Wiggins Ltda together with the sale of 85% of the entities that own the Group’s Security Solutions division to the Impala Group, which is scheduled to complete over the next few months, should enable Arjowiggins to reimburse its Euro 125 million syndicated credit facility in full and to enhance its financing capacity.
Arjo Wiggins Ltda, which produces paper mainly for banknotes and secure documents, reported sales of approximately Euro 70 million in 2014.
Arjowiggins is a world leader in creative and technical papers, with nearly 4,000 employees.
