Friday, August 05, 2005

Adapack Buys Specialty Paper Mill in Belgium

Adapack has completed the acquisition of the one-side coated paper business of Gruppo Cordenons, located in Malmedy, Belgium.

The deal includes a paper machine dedicated to one-side coated products used in the beverage industry. The mill has been named Adapack Intermills.

The acquisition increases Adpack group's total production capacity by 45,000 tpy.

In Sept. 2004, Adpack acquired Papeteries du Souche, another one-side coated paper producer, from International Paper.

Adapack said that it plans to become one of the world leaders in the field of one side coated label papers for the beverage industry.

Paper.com markets the papers from Gruppo Cordenons.

No comments: