Kotkamills sells its Imprex subsidiary

P&PC Staff
November 09, 2017
By P&PC Staff
Nov. 9, 2017 - Kotkamills Imprex Oy’s sole shareholder Kotkamills Oy has signed a share purchase agreement concerning the sale and purchase of all issued and outstanding shares in Kotkamills Imprex Oy to Dongwha Enterprise Co., a South Korean wood materials company.

Kotkamills Imprex produces laminating paper products for the laminating and plywood industries.

The transaction has been completed on October 31, 2017. The enterprise value (on a debt and cash free basis) of Kotkamills Imprex Oy is EUR 27 million (roughly C$40 million).

The disposal improves the Kotkamills group’s cash position and operating profit, but Kotkamills Group Oyj does not expect it to have significant impact on the issuer’s balance sheet.

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

European Paper Week 2017
November 28-30, 2017
PaperWeek Canada 2018
February 5-8, 2018
Tissue World Miami 2018
March 21-23, 2018
PaperCon 2018
April 15-18, 2018