Mayr Melnhof Karton to Acquire Sodra’s Follafoss mill

Södra and Mayr Melnhof Karton have signed a Letter of Intent where Mayr Melnhof Karton intends to purchase 100% of the shares in Södra Cell Folla AS and thereby take over Södra’s pulp mill in Follafoss.

Mayr Melnhof Karton intends to resume operations at Folla as soon as possible, hopefully early in 2013. The parties’ intention is to close the deal during the first quarter of next year.

Södra’s pulp mill in Follafoss, Norway, has a capacity of 105,000 tpy of CTMP pulp. Södra announced its intention to divest the mill earlier this year.

Mayr Melnhof, based in Vienna, is a world leader in the field of coated, recycled cartonboard and Europe’s leading manufacturer of folding cartons. The group’s business is focused on MM-Karton and MM-Packaging.