Dec 23, 2014. /Lesprom Network/. Sequana has finalized the divestment of its Coated US operations to Virtus Holdings LLC, a company formed by members of Appleton Coated’s management team. The Coated US operations represent approximately Euro 250 million of net sales and employ over 600 people, as the company said in the press release received by Lesprom Network.

With the divestment of Appleton Coated and once the industrial restructuring of its printing and writing businesses in Europe is completed as expected in 2015, Arjowiggins will have significantly reduced its exposure to standard coated paper which would account for less 5% of its sales in a near future in accordance with its strategic plan announced last April.