Sappi Completes Acquisition of M-Real’s Coated Papers

Sappi Ltd. has successfully completed the acquisition of M-real’s coated graphic papers business for US $1.1 billion. M-real’s four coated graphic paper mills, the Kirkniemi and Kangas mills in Finland, the Stockstadt mill in Germany and the Biberist mill in Switzerland will now be part of the Sappi Fine Paper Europe operations.
The deal makes the Johannesburg, South Africa-based company the world's largest producer of coated fine paper with 23% of the world’s market share (15% for publication coated papers).