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Divest offset printed micro-flute packaging plant to Van Genechten Packaging International S.A.
September 2, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Stora Enso has signed an agreement to divest its offset printed micro-flute packaging plant in Komárom, Hungary to Van Genechten Packaging International S.A., a leading Belgian packaging company. The initial cash consideration for the divestment is approximately €12 million, subject to customary closing day adjustments. Based on 2014 annual figures, the divestment is expected to reduce Stora Enso’s annual sales by €14 million and simultaneously decrease the annual corrugated packaging conv...
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