The transaction fulfils the requirement set by the European Commission for approval of the combination between Billerud and Korsnäs, and PM2 at the Gävle unit has now been divested to SwedPaper. Other operations at the Gävle production unit will not be affected by the sale and will remain unchanged in BillerudKorsnäs’ ownership.
Following the divestment, BillerudKorsnäs will, for example, supply input items such as pulp, steam and water to SwedPaper. BillerudKorsnäs will sell to SwedPaper an annual volume of pulp amounting to a maximum of 66,000 tons. Pricing for the pulp will be in line with the market. As of 1 August 2013, sales of pulp to PM2 will be accounted for in the Packaging Paper Business Area. Before the divestment, the operations of PM2 had been accounted for at BillerudKorsnäs under Other units.
BillerudKorsnäs – packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions.
