Sappi successfully concludes its acquisition of the speciality paper business of Cham Paper Group Holding AG (CPG)
The transaction includes the acquisition of CPG’s Carmignano and Condino Mills in Italy, its digital imaging business located in Cham, Switzerland as well as all brands and know-how. The main benefits of the acquisition include: Supports Sappi’s diversification strategy and 2020vision to grow in higher margin growth segments; Strengthens Sappi Europe’s specialities and packaging papers footprint and skills; adds 160,000 tons of speciality paper to our capacity; Increases Sappi’s relevance in specialities and packaging papers, opening up new customers and markets to Sappi’s existing products and generating economies of scale and synergies; Gaining greater share-of-wallet with valued brand owners; accelerating innovation and new product development; Improved near-term profitability and serve as platform for organic growth and further acquisitions. Will add €183 million of sales and approximately €20 million of EBITDA before taking into account synergies; Builds on the investments currently underway to increase specialities and packaging papers capacity at our Somerset, Maastricht and Alfeld Mills; Unlocks the growth potential of the CPG speciality paper business. Click Read More below for additional information.