European Commission gives go ahead for Munksjö to acquire Arjowiggins’ Decor and Abrasives business.
22 February 11
The European Commission has announced the clearance for the acquisition of ArjoWiggins’ Decor business. Munksjö’s planned acquisition of ArjoWiggins Decor, Abrasives, Thin Papers and Fine Arts business including the mills in Arches, France and Dettingen, Germany, will take place. The consultation process with the relevant works councils was completed in early February.
The closing of the transaction will take place in early March.
Munksjö is an international specialty paper company producing a focused range of high-value-added paper to a selection of industrial sectors. Munksjö has world leading market positions in specialty paper areas such as: upgrading of laminate surfaces for flooring, furniture and interior design, electrotechnical paper for insulation in high-voltage cables and interleaving to the steel industry. Production facilities are located in Germany, Spain, Norway, China and Sweden. Estimated sales for 2010 are 390 MEUR and the number of employees is approximately 1,050.