Arjowiggins Security has entered into a binding agreement with Oberthur Fiduciaire concerning the sale of its subsidiary, Arjowiggins Security BV, covering the VHP mill in Apeldoorn, the Netherlands, and the intellectual property rights related to the production of banknote paper, for a gross amount of Euro 22 million, (plus an earn-out). The transaction will complete on 31 July 2017, as the company says in the press release received by Lesprom Network.
Arjowiggins also sold the Charavines site to Fregata Hygiène in late June. This transaction will have no impact on either Arjowiggins’ results or financial position.
Arjowiggins is a world leader in creative and technical papers.
