Munksjö closed the acquisition of Arjowiggins' decor business
Mar 21, 2011. Munksjo have closed the acquisition of ArjoWiggins’ decor, abrasives, thin papers and fine arts businesses including the mills in Arches, France and Dettingen, Germany.
Mar 21, 2011. /Lesprom Network/. Munksjo have closed the acquisition of ArjoWiggins’ decor, abrasives, thin papers and fine arts businesses including the mills in Arches, France and Dettingen, Germany, as the company said in a press release received by Lesprom Network.
“We are excited to shape the company for the future, giving both new and old customers increased added value. The integration work has already started and will give us a strengthened manufacturing network and with the R&D Centre in Apprieu, France, we will be in the frontline for new innovations”, says Jan Astrom President and CEO Munksjo AB.
Munksjo now offer its customer something as unique as a full range of decor products; print base and pre-impregnated papers, as well as LPL-, HPL-, resin saving papers and printed designs. The product offering within abrasive papers show growth potential which fits perfectly with the specialty paper strategy of Munksjo. The same applies for the production and sales of thin papers primarily for pharmaceutical leaflets and fine arts paper.
Net sales for the new company will amount to approximately Euro 600 million in 2011 and the number of employees are around 1,750.
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.