AURELIUS to acquire 3 European paper mills from Sappi for $300m.

AURELIUS, an asset management group, agreed to acquire 3 European paper mills from Sappi, a global renewable resource company, for $300m. “Sappi has found a trustworthy and experienced partner in AURELIUS. These are strong assets with quality people and exciting prospects. Going forward Sappi’s focus in Europe as regards graphic paper will be on the commercial print, packaging, and speciality paper markets. Within this scope, Sappi will produce flexible packaging, functional paper, and speciality paper with self-adhesives and dye-sublimation”, Steve Binnie, Sappi CEO.