Stora Enso is offloading two of its paper mills – Lidl buys one
Earlier in the year, Stora Enso annonced that it planned to sell four out of five paper mills. Last week, the company reported on the sale of two of these mills. The company behind grocery chain Lidl is among the buyers.
Schwarz Produktion, which is the grocery supplier to i.e. Lidl, is buying Stora Enso’s paper mill in Maxau, Germany. The mill in Maxau is producing 530,000 tonnes SC-paper annually and 270,000 tonnes of paper pulp.
The price is approximately 210 million euro. With the purchase, Schwarz has secured paper to its retail chains Lidl and Kaufland.
Swedish Nymölla has also been sold
Simultanesously, Stora Enso reports that also their plant at Nymölla in Skåne, Sweden has been sold. The buyer is Sylvamo, a US-based producer of uncoated paper. The price is said to be approximately 150 million euro, and is paid in cash.
Nymölla is producing 485,000 tonnes of wood-free uncoated paper a year.
Sylvamo is listed on the New York Stock Exchange, and has mills in Europe, Latin America and North America. The company has a total of 7,500 employees globally and a turn over of 3.5 billion dollar.