SCA divests newsprint mill in Aylesford
October 03, 2012 - Sweden
Martland Holdings has acquired all of Aylesford Newsprint, which was equally owned by Svenska Cellulosa Aktiebolaget (SCA) and Mondi. The company has 280 employees and its annual capacity is approximately 400,000 tonnes of recovered fibre-based newsprint.
Total sales for 2011 were approximately SEK 1.6bn (GBP 150m). The operations have been loss-making for the past years.
The sale of shares was carried out on a debt-free basis for a symbolic amount. The transaction involved a book loss of SEK 850m (GBP 80m) and a negative cash flow effect of SEK 140m (GBP 13m) for SCA. The loss will be booked in the third quarter of 2012.
Total sales for 2011 were approximately SEK 1.6bn (GBP 150m). The operations have been loss-making for the past years.
The sale of shares was carried out on a debt-free basis for a symbolic amount. The transaction involved a book loss of SEK 850m (GBP 80m) and a negative cash flow effect of SEK 140m (GBP 13m) for SCA. The loss will be booked in the third quarter of 2012.