Metsä Tissue has agreed to divest its napkin business to Mutares Group
Metsä Tissue press release 23 December 2019Metsä Tissue, part of Metsä Group, has agreed to divest its napkin business to keeeper Group, which is part of Mutares Group. The transaction includes the real estate, machinery and equipment and warehouses at the Stotzheim mill in Germany as well as the Fasana and Mondial brands. As a result of the transaction, the mill’s personnel is planned to be transferred to the new owner as existing employees. “The napkin business has not reached profitability targets lately and napkins are not part of our core offering anymore. Thus we have explored all