Stora Enso to acquire Scaldia Papier in

STORA ENSO OYJ Stock Exchange Release 15 July 2004 at 14.00

Stora Enso to acquire Scaldia Papier in the Netherlands 

Stora Enso has signed an agreement to acquire Scaldia Papier 
B.V. from International Paper. Scaldia Papier, which has 180 
employees and had net sales of EUR 109 million in 2003 from a 
sales volume of 55 000 tonnes of paper, will become part of 
Stora Enso Merchants division. The debt free transaction value 
is EUR 30 million. The acquisition is expected to be closed in 
the end of August 2004, subject to approval by regulatory
authorities.

Stora Enso is acquiring Scaldia Papier to strengthen its 
presence in the rapidly changing European paper merchant market 
and to achieve synergies with its Papyrus merchant operations.

Papyrus is a wholly-owned paper merchanting subsidiary of Stora 
Enso with annual sales of about 500 000 tonnes of paper. Papyrus 
holds a leading position in the Nordic countries with an average 
market share of some 40%. Papyrus currently has a presence in 
twelve European markets, including operations in the Netherlands 
with net sales of EUR 35 million in 2003 and about 70 employees. 
 
“Scaldia has over the years built a strong identity in the Dutch 
market for service, quality, assortment and customer base. It 
will therefore complement and enhance Papyrus’s business in 
Western Europe and help us achieve critical mass in the 
Netherlands,ö says Mats Nordlander, President of Papyrus.

For further information, please contact:
Kai Korhonen, Senior Executive Vice President, Stora Enso Paper, 
tel. +44 20 7016 3162
Mats Nordlander, President of Papyrus, tel. +44 78 1081 3148 
Kari Vainio, Executive Vice President, Corporate Communications, 
tel. +44 77 9934 8197
Keith B Russell, Senior Vice President, Investor Relations, tel. 
+44 77 7578 8659

www.papyrus.com
www.storaenso.com


Scaldia Papier is a paper merchant and distributor of computer 
and office supplies selling printing paper to commercial 
printers and an assortment of office paper, computer and office 
supplies to offices and resellers.

STORA ENSO OYJ


	


Jyrki Kurkinen      Ulla Paajanen-Sainio