Sappi finalises Canadian pulp mill acquisition

4th November 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JSE-listed paper and packaging company Sappi on Monday announced the finalisation of the acquisition of the Matane hardwood pulp mill, in Quebec, Canada, from Rayonier Advanced Materials.

The additional mill will increase Sappi’s pulp supply for its fast-growing packaging businesses in North America and Europe, while reducing the company’s cost of pulp.

Additionally, the deal supports Sappi’s 2020 vision to grow in higher-margin growth segments and reduces the volatility of earnings through the pulp cycle.

Sappi CEO Steve Binnie commented that the acquisition would provide the company with both cost reductions and decreased volatility at a very competitive price per ton of pulp.

“The transaction strengthens Sappi’s pulp integration, improves our profitability and is another significant milestone towards realising our Vision 2020 goal.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION