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Meldungen 19.07.2004

19.7.2004: Meldung: Stora Enso to acquire Scaldia Papier

Stora Enso has signed an agreement to acquire Scaldia Papier B.V. from International Paper. Scaldia Papier, which has 180 employees and had net sales of EUR 109 million in 2003 from a sales volume of 55 000 tonnes of paper, will become part of Stora Enso Merchants division. The debt free transaction value is EUR 30 million. The acquisition is expected to be closed in the end August 2004, subject to approval by regulatory authorities.

 

Stora Enso is acquiring Scaldia Papier to strengthen its presence in the rapidly changing European paper merchant market and to achieve synergies with its Papyrus merchant operations.

 

Papyrus is a wholly-owned paper merchanting subsidiary of Stora Enso with annual sales of about 500 000 tonnes of paper. Papyrus holds a leading position in the Nordic countries with an average market share of some 40%. Papyrus currently has a presence in twelve European markets, including operations in the Netherlands with net sales of EUR 35 million in 2003 and about 70 employees.

 

"Scaldia has over the years built a strong identity in the Dutch market for service, quality, assortment and customer base. It will therefore complement and enhance Papyrus"s business in Western Europe and help us achieve critical mass in the Netherlands," says Mats Nordlander, President of Papyrus.

 

For further information, please contact:

Kai Korhonen, Senior Executive Vice President, Stora Enso Paper, tel. +44 20 7016 3162

Mats Nordlander, President of Papyrus, tel. +44 78 1081 3148

Kari Vainio, Executive Vice President, Corporate Communications, tel. +44 77 9934 8197

Keith B Russell, Senior Vice President, Investor Relations,

tel. +44 77 7578 8659

 

www.papyrus.com

www.storaenso.com

 

 

Scaldia Papier is a paper merchant and distributor of computer and office supplies selling printing paper to commercial printers and an assortment of office paper, computer and office supplies to offices and resellers.

 

 

Stora Enso is an integrated paper, packaging and forest products company producing publication and fine papers, packaging boards and wood products, areas in which the Group is a global market leader. Stora Enso sales totalled EUR 12.2 billion in 2003. The Group has some 44 000 employees in more than 40 countries in five continents and about 15.7 million tonnes of paper and board annual production capacity and 7.4 million m3 of sawn wood products, including 2.8 million m3 of value-added products. Stora Enso"s shares are listed in Helsinki, Stockholm and New York.

Stora Enso Oyj

Business ID 1039050-8

 

 

Kanavaranta 1 00160 Helsinki, Finland P.O. Box 309 FIN-00101 Helsinki, Finland Tel.: +358 2046 131 Fax: +358 2046 21471

 

www.storaenso.com

 

Stora Enso Oyj Business ID 1039050-8

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