Jun 13, 2011. /Lesprom Network/. Munksjö AB has decided to sell its packaging business to the Norwegian packaging company Tommen Gram Folie® AS, as the company said in a press release received by Lesprom Network. The transaction is made as an asset deal covering the whole of the Norwegian unit (Munksjö Inpak AS) and parts of the Swedish unit (Munksjö Inpak AB). Munksjö will keep a large printing machine in Ed, Sweden to ensure the growth and development of the Spantex business in Billingsfors, Sweden. Net sale for the divested parts was about SEK 60 million ($9.5 million) in 2010. The transaction is expected to be completed by August 31 this year. "This transaction is another step towards refining Munksjö as a specialty paper company" says Jan Åström, President and CEO of Munksjö. The Munksjö Group is a speciality paper company producing select materials that form vital parts of customer design and manufacturing processes. Founded in 1862, Munksjö is among the leading producers in the world of decor paper, electrotechnical paper and interleaving paper for steel.