Metsä Tissue has completed the divestment of the napkin business
Metsä Tissue press release 2 March 2020
Metsä Tissue, part of Metsä Group, announced on 23 December 2019 that it 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.
The transaction was completed on 29 February 2020.
Timo Riikonen, SVP, Business Development, Metsä Tissue, tel. +358 40 714 9757
Metsä Group is a forerunner in sustainable bioeconomy utilising renewable wood from sustainably managed northern forests. Metsä Group focuses on wood supply and forest services, wood products, pulp, fresh fibre paperboards and tissue and greaseproof papers.
In 2019, Metsä Group’s sales totalled EUR 5.5 billion, and it employs approximately 9,300 people. Metsäliitto Cooperative is the parent company of Metsä Group and is owned by approximately 103,000 Finnish forest owners.
Metsä Tissue creates a cleaner every day. We are a leading tissue paper supplier to households and professionals in Europe and the world’s leading supplier of greaseproof papers. Our brands are Lambi, Serla, Mola, Tento, Katrin and SAGA. With production units in five countries, we employ around 2,500 people. In 2019, our sales were EUR 1 billion. Metsä Tissue is part of Metsä Group, a forerunner in sustainable bioeconomy.