Munksjo intends to acquire the decor, abrasives, thin papers and fine arts businesses of ArjoWiggins including the mills in Arches (France) and Dettingen (Germany). With the acquisition Munksjo would form a world leading specialty paper company. Munksjo would almost double the turnover for decor paper and add important growth potential for further expansion within new specialty paper segments such as abrasive papers, fine arts papers and thin papers primarily for pharmaceutical leaflets. Net sales for the combined group would amount to approximately 600 MEUR 2010 whereof decor sales more than 50 percent.
The purchase price on a debt free basis will be 95 MEUR. Total sales for the acquired businesses are approximately 220 MEUR. The acquisition requires approval from the European Commission. Munksjo is an international specialty paper company producing a focused range of high-value-added paper to a selection of industrial sectors. Production facilities are located in Germany, Spain, Norway, China and Sweden.
Arjowiggins is a world leading manufacturer of creative and technical paper. The company, head quartered in Pairs, has operations in Europe, North America, Latin America and Asia. Arjowiggins is a wholly owned subsidiary of Sequana, which also owns the paper merchant group Antalis.