Nordic Paper to grow in North America by acquisition of Glassine Canada Inc.
Nordic Paper Holding AB (publ) (“Nordic Paper”) has today agreed to acquire Glassine Canada Inc., a specialized manufacturer of demanding greaseproof paper grades primarily for food applications. With the acquisition, Nordic Paper strengthens its presence in North America, the largest greaseproof paper market in the world. The preliminary purchase price for Glassine Canada Inc. on a cash and debt free basis is between CAD 81m and 92m (SEK 574-652m). The final purchase price is dependent on the performance of the company up until year end. Glassine Canada Inc. supplies its specialty