Anhui Shanying Paper Industry Co., Ltd, has entered into an agreement to acquire 100 percent of the shares in Nordic Paper Holding AB from Special Situation Venture Partner lll and Petek GmbH.
China-based pulp and paper company, Anhui Shanying Paper Industry Co., Ltd, a part of Taison Group, has entered into an agreement to acquire 100 percent of the shares in Nordic Paper Holding AB from Special Situation Venture Partner lll and Petek GmbH. Nordic Paper is a leading Swedish-based producer of kraft and greaseproof paper with three mills in Sweden and one in Norway.
Nordic Paper is a leading Swedish-based producer of kraft and greaseproof paper with three mills in Sweden and one in Norway. The transaction is subject to approvals by relevant Chinese authorities as well as the shareholders’ meeting of Anhui Shanying Paper.
According to a statement, Anhui Shanying Paper intends to expand and diversify, both in terms of product portfolio and geographically. Currently, its core business consists of recycled fibre trading, kraft paper manufacturing, packaging, design, printing and logistics.
Nordic Paper will remain as an independent European pulp and paper company and there will be no changes regarding the business or operations at the moment.
