Sappi to expand into Switzerland

Photo_Web_Sappi_101116

File: Lower costs and more competition helped Sappi deliver strong financial results.

File: Lower costs and more competition helped Sappi deliver strong financial results.

Photo_Web_Sappi_101116

File: Lower costs and more competition helped Sappi deliver strong financial results.

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.

READ: Sappi cracks it back into JSE top 40 index

The deal is expected to be finalised by the end of April next year.