Kappa Holdings has agreed to buy AssiDomn Corrugated and Containerboard in a 1bn (SEK10.4bn) deal.
The business will be integrated with Kappa Packaging to create one of Europes three biggest packaging producers along with SCA and Jefferson Smurfit.
The sale is in line with AssiDomns strategy to focus on forestland ownership. It is subject to EU competition approval.
Have your say in the Printweek Poll
Related stories
Latest comments
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...
New owner is 'patient, committed investor'
Shareholders green light Royal Mail takeover
Two other tenders also available
House of Commons contingency printing tender live
Wide-format's gala expo
Visionaries welcome
Global Print Expo