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Wisconsin Rapids Paper Mill to be Sold to Capital Recovery Group

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The idled portion of the Wisconsin Rapids paper mill will be sold to Capital Recovery Group next month. Apr 1, 2024 The Wisconsin Rapids Tribune said Billerud, a Swedish pulp and paper manufacturer, announced that it will sell the unoccupied mill and related assets. The Wisconsin Rapids paper mill has......
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Billerud to Upgrade Bioproduct Mill; Signs EUR 110 Million Loan Agreement with EIB

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Billerud has signed a loan agreement with EIB of EUR 110 million which will support the environmental upgrade of an existing integrated pulp and paper mill in Frövi, Sweden, including the replacement of an old recovery boiler. The upgrades will reduce emissions, improve energy and resource efficiency and increase renewable......
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Billerud Reaches Agreement to Divest Managed Packaging to Mimir Group

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Billerud has agreed to divest Managed Packaging, offering packaging solutions to global brand owners, to investment company Mimir Group. The transaction is planned to be completed in August 2023 and is expected to result in a positive result effect for Billerud of approx. USD 1.89 million.  Jul 13, 2023 Billerud......
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Billerud’s Escanaba Mill Expansion of USD 1 Billion Seeks Legislative Support of USD 200 Million

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Billerud has successfully got the nod of Michigan’s state legislation for investment support of a maximum of USD 200 million against USD 1 billion investment. The company is planning to expand its Escanaba Mill into a paperboard production facility. February 24, 2023 Billerud’s expansion plans have been approved for investment......
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BillerudKorsnäs becomes Billerud

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The name change to Billerud is in line with the company’s strategy to expand into North America and continue driving sustainable growth in global markets. October 12, 2022 BillerudKorsnäs has simplified its name to Billerud to cater to its international customers. As a leading supplier of virgin fiber-based paper and......
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BillerudKorsnäs completes the Acquisition of Verso

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With the acquisition of Verso, BillerudKorsnäs is strengthening its strategy to achieve profitability and sustainable growth, and boosting its presence in North America. April 11, 2022 Sweden-based BillerudKorsnäs has completed the acquisition of Verso Corporation for about USD 825 million in a cash deal. Ohio, USA-based Verso Corporation is a......

Acquisition of UPM's packaging paper operations approved by the requisite regulatory authorities

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May 22, 2012 The requisite regulatory authorities have approved Billerud Finland Oy’s acquisition of UPM’s packaging paper operations at Pietarsaari and Tervasaari. Billerud Finland Oy is a wholly owned subsidiary of Billerud AB. The purchase price is around EUR 130 million. “The acquisition strengthens our offering in packaging paper and......