File: Lower costs and more competition helped Sappi deliver strong financial results.
JOHANNESBURG - Paper and pulp group Sappi is to acquire speciality paper assets from the Swiss-based Cham Paper Group for more than R2-billion.
The Cham group produces coated papers used in a variety of applications, including industrial and consumer goods, and digital imaging.
Sappi says the deal will allow it to grow its speciality and packaging paper business.
The deal is expected to be finalised by the end of April next year.