Sale of Cargo Pak

SALE OF CARGO PAK Korsnäs Packaging, a subsidiary of Industriförvaltnings AB Kinnevik, has today completed the sale of Cargo Pak to Illinois Tooling. Cargo Pak, an operating division within Korsnäs Packaging, is a market leader in the production of airbags for stabilizing cargo, and has a strong market position outside the Americas. Illinois Tooling, a large industrial group, is a market leader in airbag production in the US and this acquisition will further consolidate the group's global position. The capital gain arising from this asset sale amounts to € 5 million. For further information, please contact: Vigo Carlund, CEO, tel: +46 8 56200 000 Industriförvaltnings AB Kinnevik Peter Buckley, CEO, tel: +33 149 67 08 90 Korsnäs Packaging Group ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/05/20030305BIT00930/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/05/20030305BIT00930/wkr0002.pdf

Subscribe